VW faces trial in Germany on emissions cheating disclosures
FRANKFURT — Volkswagen faces a trial in Germany next week as investors seek 9.2 billion euros ($10.7 billion) in compensation, arguing that the automaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015.
The lawsuit bundles 1,670 claims brought mainly by VW’s institutional shareholders who have accused the company of failing to inform investors about the scope of a scandal which has cost the company 27.4 billion euros in penalties and fines.