Attorneys representing nearly 300 institutional investors, including US investment fund Calpers, are suing Volkswagen for €3.3 billion in damages as a result of the sharp drop in the car maker’s share price in the wake of its emissions-cheating scandal.
The German law firm TISAB said it filed the suit on March 14 with the district court in Braunschweig, which has jurisdiction over the city of Wolfsburg, where Volkswagen is based.
