Investors Sue Volkswagen For 3.7 Billion Dollars Over Dieselgate Scandal

Volkswagen AG is being sued for 3.3 billion euros over the cover-up of its polluting diesel engines, its biggest legal challenge in Germany after a wave of lawsuits in the U.S. centered on the scandal.

The action was filed Monday at the Braunschweig Regional Court on behalf of 278 institutional investors from around the world, lawyer Andreas Tilp said by telephone. The suit claims VW failed to publish information about the emissions scandal in a timely manner, he said.

PUGPROUD - 3/15/2016 10:10:02 AM

+2 Boost

Death by a thousand cuts...slow and painful!

MDarringer - 3/15/2016 9:41:14 PM

+1 Boost

But oh so delightful to watch.