Volkswagen Investors Seek $11 Billion Damages

Entertainment (now)
Entertainment (now)
  • 6 years ago

Volkswagen went on trial on Monday to face investors seeking $10.6 billion in compensation. They are arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal.
Reuters reports that shareholders representing 1,670 claims are seeking compensation for a slide in Volkswagen’s share price triggered by the scandal. It broke in September 2015 and has cost the firm 27.4 billion euros in penalties and fines so far.

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