- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

German Court Allows Investors to Sue Volkswagen for Damages After Emissions Row

© REUTERS / Axel SchmidtA Volkswagen logo stands next to a CCTV security camera in Wolfsburg, Germany October 7, 2015
A Volkswagen logo stands next to a CCTV security camera in Wolfsburg, Germany October 7, 2015 - Sputnik International
Subscribe
A German district court ruled on Monday that Volkswagen investors will be allowed to sue the car-marker collectively for a total of $4.4 billion in damages after the gas emissions scandal.

MOSCOW (Sputnik) — The Braunschweig District Court said in a statement it had registered 170 lawsuits from mostly private investors against Volkswagen after it admitted last September it had cheated in gas emissions tests. One complaint was signed by 277 investors from Germany and abroad.

"Under the upcoming procedure, the Higher Regional Court of Braunschweig will choose the main plaintiff from the plaintiffs who filed complaints with the District Court," the court’s statement read.

The Car of the Future is here — Roborace - Sputnik International
World
The Future is Here: Catch a Glimpse of the First-Ever Robocar (VIDEO)
Under the country’s act on model-case proceedings of the capital markets law, the court will determine a case that will serve as a pilot case for all the other legal disputes between Volkswagen and its investors. The regulation facilitates lawsuits over misrepresentation of capital market data.

The United States accused Volkwagen last year of programming its diesel cars to lower the exhaust emissions detected during tests. The carmaker was forced to recall hundreds of thousands of vehicles and now faces over $14 billion in payments to US regulators and consumers.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала