From 10 am (0800 GMT) the regional court in Brunswick
will examine whether the auto giant should have informed investors sooner about so-called "defeat devices" it built into 11 million cars worldwide to fool regulatory emissions tests.
On the first day, "we are hoping for first indications from the judges about their view of the facts and the legal position," said Andreas Tilp, a lawyer representing investment fund Deka.
The shareholder's "model case" against VW is supposed to clear up more than 200 questions common to some 3,650 claims totalling around 9.0 billion euros ($10.5 billion), with judges expected Monday to highlight timelines and priority issues in the massive case.
At issue is a 40-percent plunge in Volkswagen stock over two days in September 2015, which wiped billions off its market value.
After markets closed on Friday, September 18 that year, US authorities accused the group of using the defeat devices—engine software designed to cut harmful emissions during regulatory tests, only to allow them to rise again during on-road driving.
Read more at: https://phys.org/news/2018-09-vw-big-german-court-date.html#jCp
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