Auto – 278 large investors ranging billion suit against VW a – Süddeutsche.de

Direct from the dpa news channel

Braunschweig (AP) – professional investors take Volkswagen in the exhaust scandal targeted. 278 large institutional investors – including the largest US pension fund Calpers and the Sparkassen-fund subsidiary Deka – have sued the Wolfsburg carmaker to compensation in the amount of 3.255 billion euros. A corresponding report of “Süddeutsche Zeitung”, NDR and WDR confirmed the Tübingen Lawyer Andreas Tilp. Tilp represents the investors before the Regional Court of Braunschweig. They seek compensation for the high losses that they have suffered to manipulated emissions during the affair

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