Volkswagen may see its recovery costs from the diesel car emissions scandal climb higher from a potential class-action lawsuit filed in Germany. German lawyers for U.S. law firm Hausfeld have filed the suit for one car owner that’s been designed to follow what’s worked in U.S. courtrooms, according to Jan-Eike Andresen of legal-tech website My-Right.de. The legal portal is supporting these …
A group of German NGOs filed a complaint to the Constitutional Court on Wednesday, asking the nation’s highest judges to block the early – albeit temporary – implementation of the Comprehensive Economic and Trade Agreement (CETA). The organizations, Campact, Foodwatch and Mehr Demokratie, say CETA subverts the German constitution because it does not leave room for parliamentarians to interpret …
Almost 300 institutional investors in Volkswagen have filed a multi-billion dollar suit against the carmaker for what they claim were breaches of its stock market duty in the emissions cheating scandal. The lawsuit, for damages of €3.3bn ($3.6bn), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is being brought by 278 investors from all over the …
Prosecutors in Germany and France have broadened their investigations into the emissions scandal at Volkswagen. Authorities in Paris have opened a formal probe into “aggravated fraud” over the use of diesel engine devices that gave misleading emissions results. And German prosecutors said the number of VW employees now under investigation has increased from six to 17.