A quick round-up of news and cur­rent af­fairs across the world

India Business Journal - - CONTENTS -

In­vestors took Volk­swa­gen to court last month to seek com­pen­sa­tion for the hit to the car-maker's share price from its diesel emis­sions scan­dal. Plain­tiffs are hold­ing out hopes for bil­lions of dol­lars in da­m­ages. Share­hold­ers rep­re­sent­ing 1,670 claims are seek­ing $10.7 bil­lion in da­m­ages over the scan­dal, which broke in Septem­ber 2015 and has cost Volk­swa­gen 27.4 bil­lion eu­ros in penal­ties and fines so far. It is likely, how­ever, that only some of the claims will be taken into ac­count be­cause of the statute of lim­i­ta­tions, ac­cord­ing to pre­sid­ing judge Chris­tian Jaede.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.