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Prosecutors in Germany have brought criminal charges against Volkswagen executives over Dieselgate. They have been charged with stock market manipulation. More here.  

Time for a negotiated settlement for European investors: VW has been dragging its feet over European claims The company has paid out € 30 billion in the US This approach is unfair and unjust to European investors Delaying tactics have not worked; legal pressure is mounting The two leading investor protection associations call for a

In November 2015, the European Anti-Fraud Office (OLAF) started an investigation into the European Investment Bank’s (EIB) loan of €400mln to Volkswagen in the context of the Dieselgate scandal. While the company is still calling back vehicles (at a slower rate now – see article here) and shareholders have to time and time again put

The fallout from Dieselgate continues to harm VW’s reputation and market value, thereby negatively impacting investor interests. After one year and half of investigation, VW stands accused by OLAF of fraudulently securing € 400 million in loans from the EIB to develop the engine (equipped with the cheating software) at the heart of the Dieselgate

Whereas in the US VW admitted its wrongdoing and set aside billions of dollars for car owners, European consumers are being left high and dry. VW claims that there is no need to compensate European consumers since according to them they did not suffer losses in the sense that the value of their cars did

U.S. developments Over the last months, it has been reported that Volkswagen reached a 15 billion dollar settlement with the authorities, the consumers and the car dealers in the United States. Contrary to these developments, Volkswagen has raised a motion to dismiss the ADR investor case. The judge will hear this motion during a trial

A German Court ordered VW to reimburse a consumer for the full price of a car equipped with the emissions’ cheating device. The judges based this ruling on the intentional nature of the fraud and underlined that VW could not defend itself by stating that they did not know who was responsible for this fraud.

Volkswagen pleads guilty and will pay $4.3 billion to settle with the US Department of Justice (DoJ), bringing the total cost of this fraud to $20 billion. Six high-ranking executives have been indicted by the DoJ and the former US Head of Compliance, Oliver Schmidt, has been arrested in the US. It shows the willingness

Volkswagen is coming under increasing criticism following recent news that the company plans to pay members of its management board a total of 63.24 million euros for the year 2015. 2015 was the year that saw Volkswagen involved in one of the bigger corporate scandals of the last few years, with the company admitting that

Collective Redress Directive – a directive for initiating court actions against companies who infringe consumers rights

The lack of collective redress in Europe remains an issue for the European finance industry, especially from the perspective of investors and shareholders (see BETTER FINANCE paper here). Given that procedural law falls under the exclusive competence of Member States (still), there is no harmonising legislation fostering cross-border class-action lawsuits in Europe. As became apparent

In a book to be published in May “Faster, Higher, Farther: The Volkswagen Scandal”, Jack Ewing reveals new details of the Diesel Gate conspiracy covering up the fact that its cars were designed to deceive pollution regulators.  It all started with the publication of the results of a test realized in 2014 by graduate students

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