Brussels, 12/10/2015 (Agence Europe) - The association of German investors, DSW, which is a member organisation of the European Federation of Investors and Financial Services Users, Better Finance, is looking into the possibility of taking legal action against Volkswagen, following the fraudulent software scandal.
This action would come on the basis of the German automotive giant having violated its obligation immediately and exhaustively to supply all information related to a possible manipulation of CO2 emissions and to the repercussions of the fraud.
“Since the issue is clearly not limited to Germany, other investor associations across Europe are considering joining the lawsuit against VW. The possibility of pan-European legal action coordinated by Better Finance is currently being reviewed”, the organisation states in a press release published last week. It stresses that it will first be necessary to determine the extent of the damage suffered by shareholders and examine the feasibility of opening this action to non-German shareholders. (Original version in French by Mathieu Bion)