protection agency: The U.S. Environmental Protection agency accused Volkswagen in September 2015 of manipulating diesel emissions, sending the shares sharply lower, according to The Toronto Star. The first major German court case against Volkswagen over the dieselgate scandal that has shaken up the car industry gets under way, as investors pursue the world's largest automaker for billions in compensation. Investors are seeking almost 9 billion euros 10.4 billion saying Volkswagen didn't give them the information they needed to decide what to do with their shares before the scandal became public. RONNY HARTMANN / AFP/GETTY IMAGES The case opening Monday in front of the higher regional court in Braunschweig involves claims from investors that will serve as a model for further cases, the dpa news agency reported. The company says it met its duty to inform investors in time. The model case involves claims of 4 billion euros from Deka Investments and other shareholders.
(news.financializer.com). As
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Tagged under protection agency, dieselgate scandal topics.