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VW Sued for Record $9.2 Billion in German Investor Lawsuits

  • Braunschweig court releases numbers of cases pending so far
  • U.S. government is among the investors seeking damages
The Volkswagen AG logo appears on a 2.0L TDI diesel engine.
Photographer: Daniel Acker/Bloomberg
Updated on

Volkswagen AG faces Germany’s biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the company’s market value.

About 1,400 lawsuits are currently pending at a court in Braunschweig, about 20 miles from Volkswagen’s Wolfsburg headquarters, a judicial spokeswoman said Wednesday. Investors say they lost money on VW shares because the company was slow in disclosing the emissions-cheating issue.