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Volkswagen Strike by new Investor lawsuits in Germany

Volkswagen Strike by new Investor lawsuits in Germany

More Volkswagen shareholders came ahead to sue the German automobile comp over its emissions-cheating scandal, bringing overall damages sought so far in Germany alone to more than USD 5.6 billion. Two law firms told that, they had filed claims on behalf of VW shareholders pursuing a total of USD 2.83 billion in damages & interest.

That came on top of more than USD 3.39 billion demand by 278 plaintiffs who lodged their complaint last week at the court of Brunswick, a northern city close to VW’s headquarters in Wolfsburg. VW, which until last few days, entertained ambitions of becoming the world’s largest carmaker company, has been jumped into its deepest-ever dilemma by declaration last Sep that it installed emissions-cheating software into 11 million diesel engines worldwide.

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