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.
