Court rejects second investor group action against VW and Porsche

by SpeedLux
Porsche SE logo

A German court on Wednesday stated it won’t permit a second investor group action against Volkswagen and Porsche, for allegedly failing to tell investors about the Diesel scandal in 2015.

Investors have brought multiple cases against both automakers in the southern city of Stuttgart, arguing that the automakers should have issued adhoc-statements previously to inform the market about U.S. officials starting to investigate the emissions cheating.

Stuttgart’s court of appeal stated these cases could not be bundled in a group action against the automakers as a similar lawsuit was already pending in the city of Braunschweig and according to German law, there could only be no more than one such case at a time.

Group actions intend at facilitating legal actions brought by investors against firms as they bundle a huge number of individual cases, permitting investors to team up and save litigation expenses.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More