VW investors seek $11 billion damages over dieselgate scandal

Investors took Volkswagen (VOWG_p.DE) to court on Monday to seek compensation for the hit to the carmaker’s share price from its diesel emissions scandal, with plaintiffs holding out hopes for billions of dollars in damages. Shareholders representing 1,670 claims are seeking 9.2 billion euros ($10.7 billion) in damages over the scandal, which broke in September 2015 and has cost Volkswagen (VW) 27.4 billion euros in penalties and fines so far.
Read more: https://www.reuters.com/article/us-volkswagen-emissions-trial/vw-investors-seek-11-billion-damages-over-dieselgate-scandal-idUSKCN1LQ0W4?source=Snapzu