Investors file a $3.6 billion lawsuit against Volkswagen, in Germany

Volkswagen’s troubled times show no signs of abating. A group of 278 of Volkswagen’s institutional investors, have filed a $3.6 (Rs 24249crore) billion lawsuit against the company. These investors consist of companies situated across the globe, including Germany. The shareholders say that the company did not comply with its duty of informing them about the diesel emissions debacle.

Andreas Tilp, managing partner of TISAB and TILP, the firms that have been appointed to handle the suit said,“Due to the fact that, according to our...

Updated Date: Mar 17, 2016 10:45 AM