Mexican Media Brands
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
Share
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
-
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
The Law and Autonomous Cars
Features that enable your car to drive itself are coming to market now, but regulations to govern their performance have lagged, notes Jennifer Dukarski, an attorney with the Butzel Long law firm.
