Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
Investors representing nearly 3,500 claimants are seeking compensation amounting to around a third of the €27.4 billion (U.S. $32 million) that the company has already paid in penalties and fines so far over “Dieselgate.” Investors who are not yet part of the claim have until the end of the year to join.
