The Traderszone Network

Published in TZ Latest News 18 January, 2016 by The TZ Newswire Staff

Volkswagen faces shareholder claims over emissions scandal

Dozens of large shareholders in Volkswagen (VOWG_p.DE) plan to sue the carmaker in a German court, seeking compensation for the plunge in its shares due to its emissions test cheating scandal. Law firm Nieding + Barth said on Monday it would lodge a case with a regional court in Brunswick this week, seeking hundreds of millions of euros in damages on behalf of 66 institutional investors from the United States and Britain. Volkswagen’s (VW) shares have lost almost a third of their value, or about 22 billion euros ($24 billion), since it admitted in September to misleading U.S.

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