Volkswagen Hit With First-Of-Its-Kind Mass Lawsuit In Germany

Volkswagen (VW) has refused to settle with German buyers over the 2015 emissions cheating scandal, leading to a lawsuit involving around 470,000 VW owners. This is the first class action suit of its kind in Germany, following a new law allowing such lawsuits. VW denies causing harm, arguing that many people drive its cars daily without issue. The company expects the lawsuit to last at least four years. Additionally, two VW executives, including the CEO, have been charged with market manipulation for not informing investors about the financial risks of the scandal in a timely manner.

What was the main reason VW refused to settle with German buyers?

• They believed there was no damage caused.

• They wanted to avoid legal fees.

• They were waiting for a new law to pass.

• They had already settled with other countries.

What recent legal change allowed the class action lawsuit against VW?

• A new emissions standard law.

• A law permitting class action lawsuits.

• A law increasing penalties for pollution.

• A law reducing car taxes.

How many individual lawsuits have been filed against VW in Germany?

• Over 100,000

• Over 10,000

• Over 60,000

• Over 30,000

How long does VW expect the lawsuit to take?

• At least two years

• At least three years

• At least four years

• At least five years

What were the VW executives charged with?

• Bribery

• Tax evasion

• Market manipulation

• Fraud