(MENAFN) VW investors filed 1.400 lawsuits aiming USD9bn in compensation from the car giant over its emissions cheating scandal.
Accordingly, the automaker failed to disclose details of the case in a timely way, leading them to lose money as the group"s share price plunged by 40 percent.
In addition, the USD9.1bn in claims is made up of bundled actions containing lawsuits from multiple plaintiffs.
Moreover, the carmaker continues to believe that it will comprehensively fulfilled its obligations under capital markets law.
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