Parties suing Volkswagen for €8.2bn damages

Volkswagen investors have formally filed lawsuits seeking a total of €8.2bn for losses stemming from the company’s emissions-cheating scandal.

About 1,400 lawsuits are currently pending at the Braunschweig Regional Court, the district handling legal matters for the region where Volkswagen is based, the tribunal said yesterday. Investors are alleging they suffered damages because the company was slow in disclosing the issue.

Volkswagen has rejected the allegations.