Class-action Lawsuit Against Volkswagen

By Schonauer Law on Aug 04, 2016 at 04:18 PM in Law News

Class-action Lawsuit Against Volkswagen

A group of retirement funds from around the United States have filed a Class-action lawsuit against Volkswagen in California. The funds allege Volkswagen did not disclose the severity of the diesel scandal resulting in losses they might not have resulted had Volkswagen disclosed the information.  According to Automotive News Europe report, Volkswagen wants the case dismissed because the proper jurisdiction is Germany since the stocks are primarily traded in the company's home country.