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German Court Suspends VW Investor Lawsuit Hearings
A German court has suspended further hearings for two months on nearly 1,700 Volkswagen AG investor lawsuits over diesel emission cheating, Reuters reports.
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A German court has suspended further hearings for two months on nearly 1,700 Volkswagen AG investor lawsuits over diesel emission cheating, Reuters reports.
The court in Brunswick began 13 days of hearings on Sept. 10. But Judge Christian Jaede says claims that had been excluded to date won’t be considered until the end of November.
Jaede says he will decide how to calculate possible compensation payments after the second batch of complaints are heard. Shareholders claim VW failed in September 2015 to promptly disclose the financial exposure caused by its diesel emission cheating. The group seeks €9 billion ($10.4 billion) in damages.
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