Volkswagen Faces $9 Billion in Claims in Germany
September 21 2016 - 06:10AM
Dow Jones News
BERLIN—Investors are seeking around €8.2 billion ($9.10 billion)
in damages from Volkswagen AG on losses sustained when the German
car maker's shares plunged after U.S. authorities disclosed a year
ago that the company cheated on emissions tests, a German district
court said Wednesday.
The Braunschweig district court, which has jurisdiction over
Volkswagen claims in Germany, said it had received 1,400 claims
against the car maker so far, including law suits filed by U.S.
pension funds, asset funds from German states, and individual
investors.
Write to William Boston at william.boston@wsj.com
(END) Dow Jones Newswires
September 21, 2016 05:55 ET (09:55 GMT)
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