$10.4-billion lawsuit over diesel emissions scandal opens against Volkswagen [Los Angeles Times (CA)]
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Source: Los Angeles Times
$10.4-billion lawsuit over diesel emissions scandal opens against Volkswagen The California Public Employees’ Retirement System and other shareholders squared off against Volkswagen in a German court Monday, seeking $10.4 billion in damages over the automaker’s emissions-cheating scandal. The first day of the trial, held in a large convention hall in Braunschweig, gave indications that the proceedings may end up not satisfying anyone. The court indicated that some claims may be too old to be considered, but the judges also said they would review whether VW should have disclosed the problems with its diesel emissions as early as May 2014 or even the second half of 2012 — which could leave the giant automaker more open to claims of gross negligence. "We have to look at a lot of crucial issues on this case and we can’t give you a conclusive answer to all of them today," said Presiding Judge Christian Jaede. "It’s also not clear at this point whether and when we will hear witnesses." Volk
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