Volkswagen emissions scandal: Allianz to file lawsuit

Allianz intends to sue Volkswagen for the drop in its shares owing to the ongoing emissions scandal

Overdrive March 11, 2016 09:30:16 IST
Volkswagen emissions scandal: Allianz to file lawsuit

Allianz, an international financial services company headquartered in Germany, intends to sue Volkswagen for the drop in its shares owing to the carmakers ongoing emissions scandal. The CEO of Volkswagen AG Matthias Mueller has said that if the lawsuit is successful then it would add substantial and painful financial pressure on the company.

According to reports, the Aliianz lawsuit is likely to happen within this month. The financial services company has issued a statement that it has not filed an action but was weighing a suit against...

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