Tuesday, March 15, 2016

multimillion-dollar lawsuit against Volkswagen – The New Dia.com

Berlin – A group of 278 large institutional investors filed a claim for $ 3.570 million against the German carmaker Volkswagen (VW) almost half a year after coming to light the scandal diesel rigged to hide their emissions.

engines This is by far the demand for larger total of 67 submitted so far in connection with the scandal of emissions, in which the plaintiffs demanded compensation totaling more than $ 4,107,000, said today a spokeswoman for the Regional Court of Braunschweig.

the lawyer Andreas Tilp already confirmed Monday the multimillion-dollar lawsuit that based its accusation on whether the consortium met its obligation to inform their shareholders.

the automotive group reported on the possible economic consequences of the scandal just days after 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, had complied with all the specific information obligations.

According to a statement released today by the law lawyers TISAB, is the first German multi-million dollar lawsuit against VW.

Here the interests of institutional investors in Germany and other countries worldwide, including Australia, Denmark, France, Italy defend, Japan, Canada, Luxembourg, Netherlands, Norway, Austria, Sweden, Switzerland, United Unida, the United States and Taiwan.

the plaintiffs include 17 holding companies, insurance companies and CalPERS, the largest fund US pension.

“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.

LikeTweet

No comments:

Post a Comment