BERLIN (Sept 21): Volkswagen AG investors filed lawsuits seeking a total of 8.2 billion euros (US$9.2 billion) for losses stemming from the company’s emissions-cheating scandal. About 1,400 lawsuits are currently pending at the Braunschweig Regional Court, the district handling legal matters for the region where Volkswagen is based, the tribunal said Wednesday. Investors are alleging they suffered damages because the company was slow in disclosing the issue. The US government, which uncovered the cheating, is also among the investors suing and seeking 30 million euros. Volkswagen, based in Wolfsburg, has repeatedly said that it had informed markets in a timely manner based on the information available.

Source: The Edge Markets September 21, 2016 09:45 UTC