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.
#legal
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.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.