U.S. law firm says will pursue Volkswagen claims in Europe | Reuters

BERLIN U.S. law firm Hausfeld said it will pursue claims of European customers harmed by Volkswagen's (VOWG_p.DE) emissions scandal, adding to the German automaker's mounting legal challenges.

On Monday, German law firm TISAB said 278 institutional investors in Volkswagen filed a 3.26 billion euros ($3.62 billion) lawsuit against the carmaker for what they see as breaches of its capital markets duty in the scandal.

Volkswagen admitted last September that it installed "defeat devices" in about 11 million diesel cars globally, thereby harming a variety of constituencies. Two months later, the carmaker announced a $1,000 goodwill compensation programme for U.S. customers.

In a letter to VW's top management and chairman, Hausfeld has called on the carmaker's top players to meet before the end of March to discuss potential European customer claims.

"We respectfully request the opportunity to meet with you, subject to availability, within the next two weeks, to begin a process between the company and its customers in Germany and throughout the EU, which could ultimately and naturally bring this issue to an early joint satisfactory closure," the letter said.

A copy of the letter by Hausfeld, a specialist in commercial litigation, was emailed by the law firm's Berlin-based office to Reuters.

Volkswagen did not return calls seeking comment.

($1 = 0.8997 euro)

(Reporting by Andreas Cremer; Editing by Bernard Orr)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 16, 2016 04:45 AM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See