Sep 10, 2018
Volkswagen investors start €9bn emissions court case
Volkswagen has gone on trial in Germany in what is the first court case against the carmaker over the diesel scandal. Investors are pursuing VW for about €9.2bn in damages, claiming the company should have come clean sooner about falsifying emissions data. "VW should have told the market that they cheated," Andreas Tilp, a lawyer for the plaintiffs, told the court. The case involves about 50 lawyers, and interest in the hearing is so great that it had to be moved from the court house to a nearby conference centre. The company itself has already been fined €1bn by German prosecutors over its diesel emissions scandal.
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