A group of 278 large institutional investors filed a claim for 3,255 million euros (or $ s3.616 million) against German carmaker Volkswagen (VW), almost half a year after coming to light the scandal diesel engines rigged to hide their emissions.
This is the demand larger of the total of 67 presented so far in connection with the scandal emissions in the that the complainants demanded compensation amounting to EUR 3,700 million ($ or s4.111 million), said Tuesday a spokeswoman for the Regional Court of Braunschweig.
the lawyer Andreas Tilp already confirmed on Monday the multimillion-dollar lawsuit that based its accusation on if the consortium fulfilled its obligation to report to its shareholders.
the automotive group reported on the possible economic consequences of the scandal just days after that the Environmental Protection Agency (EPA) of the United States made public on 18 September last year accusations of manipulation.
the consortium stressed again and again that, in his view, he had complied with all the specific obligations information.
According to a statement released today by the law firm TISAB, it is the first German multimillion-dollar lawsuit against VW.
Here the interests of institutional investors in Germany and other countries worldwide, including Australia, Denmark, France, Italy, Japan, Canada, Luxembourg, Netherlands, Norway, Austria, defend Sweden, Switzerland, United Unida, the United States and Taiwan.
Among the plaintiffs include 17 holding companies , insurance companies and CalPERS, the largest US pension fund.
“This first multimillion-dollar lawsuit was necessary because according to our information and our experience, VW insists close to conciliatory negotiations and neither is willing to reach an agreement to stop prescribing the right to claim,” said Tilp.
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