German Court Allows Lawsuits Against Volkswagen to Move Forward – Wall Street Journal

Posted: Tuesday, August 09, 2016

BERLIN—Volkswagen AG suffered a legal setback on Monday when a German court ruled that it would allow investor lawsuits seeking up to €4 billion ($4.4 billion) in damages to move forward.

The District Court in Braunschweig, near Volkswagen’s headquarters, said that it would allow a collective complaint that was launched on behalf of investors who lost billions when Volkswagen’s shares plunged after U.S. authorities disclosed its…

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