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Global Institutional Investor Group Files Large-Scale German Securities Suit against Volkswagen AG over Diesel Emissions Scandal

KIRCHENTELLINSFURT, Germany--(BUSINESS WIRE)--The first large-scale securities lawsuit brought by institutional investors against Volkswagen AG has been filed in Germany, with several leading investor law firms joining forces with German counsel to bring the action. The suit, stemming from Volkswagen’s admitted use of emissions-cheating software in diesel-powered vehicles, was filed on behalf of 281 institutional investors across the globe including the United States, Canada, the United Kingdom

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