Judge says Volkswagen must face U.S. investor lawsuits over diesel emissions

A U.S. judge on Wednesday denied Volkswagen AG and its former chief executive Martin Winterkorn's requests to have an investor lawsuit dismissed in California over its "Dieselgate" emissions scandal.

By: Reuters | Washington | Published: January 5, 2017 8:35 am
A U.S. judge on Wednesday denied Volkswagen AG’s request to have an investor lawsuit dismissed in California over its “Dieselgate” emissions scandal. (Source: Express Photo)

A U.S. judge on Wednesday denied Volkswagen AG and its former chief executive Martin Winterkorn’s requests to have an investor lawsuit dismissed in California over its “Dieselgate” emissions scandal. In a 41-page ruling, U.S. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed out of a California court.

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The investors suing are mostly U.S. municipal pension funds that invested in VW through American Depositary Receipts. Volkswagen argued that German courts were the proper place for investor lawsuits.

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