From 10:00 am (0800 GMT) on Monday, the regional
court in Brunswick will examine whether the auto giant should have informed investors sooner about the trickery.
On September 18, 2015, American authorities accused the group of fitting
some 11 million vehicles with a so-called "defeat device" able to detect when they were undergoing regulatory tests and reduce emissions to meet legal limits—only to allow them to rise again in on-road driving.
Volkswagen's stock plunged some 40 percent in two days when markets reopened the following week, wiping billions off its market value.
Now investors are claiming some 9.0 billion euros ($10.5 billion) of reimbursement.
Shareholders say they could have avoided painful losses had executives—legally obliged to share promptly any information that could affect the share price—informed them sooner of the cheating.
Read more at: https://phys.org/news/2018-09-volkswagen-german-court-showdown-dieselgate.html#jCp
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