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Volkswagen scandal trial begins as investors increase pressure over cheating tests


PTI
Updated: 10-09-2018 17:39 IST
Volkswagen scandal trial begins as investors increase pressure over cheating tests

Trial proceedings have begun against Volkswagen on behalf of investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests.

Investors are seeking almost 9 billion euros (USD 10.4 billion), saying Volkswagen didn't give them the information they needed to decide what to do with their shares before the scandal became public.

The U.S. Environmental Protection agency accused Volkswagen in September 2015 of manipulating diesel emissions, sending the shares sharply lower.

The case opening Monday in front of the higher regional court in Braunschweig involves claims from investors that will serve as a model for further cases, the dpa news agency reported.

The company says it met its duty to inform investors in time.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)