VW investors file 1,400 claims in compensation for emissions cheating saga
FRANKFURT — Volkswagen (VW) investors have filed 1,400 lawsuits claiming a total of €8.2bn in compensation over the German car giant’s emissions cheating scandal, a state court said Wednesday.The claims are mostly made up of "bundled" actions containing lawsuits from multiple plaintiffs, many of them private investors, according to the court in Brunswick, northern Germany.The embattled car maker also faces lawsuits from large institutional investors, German state governments and the US government.Two of the claims lodged with the Brunswick court, from groups of institutional investors, account for a total of €2bn alone."The complete registration of the claims arrived up to now should be finished in four weeks," the court said.Investors have rushed to file compensation claims ahead of what they believe to be a one-year deadline.The court said it had taken on extra staff and hired additional storage space to cope — as the avalanche represents half the number of cases the tribunal norm...
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