FRANKFURT—Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying Volkswagen didn’t give them the information they needed to decide what to do with their shares before the scandal became public. The U.S. Environmental Protection agency accused Volkswagen in September 2015 of manipulating diesel emissions, sending the shares sharply lower. The model case involves claims of 4 billion euros from Deka Investments and other shareholders. Volkswagen has admitted rigging engine control software in the U.S. to turn down emissions controls when vehicles were not being tested.

Source: thestar September 10, 2018 17:48 UTC