VW Denies Investor Claims Of Slow Emissions Disclosure

Law360, New York (March 2, 2016, 5:02 PM EST) -- Volkswagen AG on Wednesday denied German shareholders' accusations that the automaker was too slow to admit its scheme to cheat diesel emissions standards with cars equipped with infamous defeat devices, saying it complied with the country's disclosure laws and sees the suits as "without merit."

VW said it's filed a formal statement of defense with the Braunschweig District Court in Germany, rejecting investor allegations that it violated corporate disclosure requirements under capital markets law. After "careful examination" by internal and external experts, VW said it's clear the management board informed investors of the emissions fraud in a timely fashion, according to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!