Volkswagen Sued in Germany for $3.7B Over Diesel Scandal

By Stephen Elmer Volkswagen is being sued for $3.7 billion by investors worldwide.
The company is already dealing with lawsuits in the U.S. over its dieselgate scandal, and now 278 institutional investors from around the world are filing a lawsuit against Volkswagen AG in Germany. The suit claims that the German automaker failed to publish information about the emissions scandal in a timely manner and is now the biggest legal challenge it faces to date. In a statement, the court said that 70 cases are pending in Braunschweig, where the lawsuit was filed. Volkswagen has refused to take part in settlement negotiation and won’t

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