This lawsuit is involved 1, 670 are sued, basically mention by masses orgnaization partner. Partner people accusation masses fails to tell investor in time people the dimensions of this scandal, and scandal has caused company loss the amerce of 27.4 billion euro and compensation.
Accuser (investor people) say, american environment arrange (EPA) released on September 18, 2015 " violate plan announcement " , if the masses warns scandal dimensions before this, orgnaization investor can avoid a loss possibly. Discharge in car of derv of masses of concerned branch exposure after be in illegal level, masses share price dropped 37% . The masses already admitted to systematization discharges cogged behavior, but deny in exposure superintendency information field exists malfeasant.
The masses firm say, arrange of American environmental protection is released violate plan announcement act, do not accord with American authorities to handle manufacturer of experience etc car the practice of similar case. The people expresses in a document that submits to the court, as a result of other car manufacturer people already reached below the case that did not get American environment arrange to violate plan announcement reconcile, and the masses is undertaking reconciliatory negotiating at that time, accordingly, masses board of directors thinks to not was necessary to inform investor.
The people still expresses in the file, the masses already was by 2015 make recall the regulation of other vehicle, and as a result of before American authorities is right similar the amerce that violates compasses act under 200 million dollar, accordingly, according to German law, not was necessary to issue an announcement technically. The people expresses in the apologetic document that submits to the court, include the masses to currently hold the post ofpresiding apparitor Herbert Diess and president Hans Dieter Poetsch at that time inside directorate member did not violate exposure regulation, "People management committee and individual directorate member were not caused or involve any action that violate American regulation " .
However, include Andreas Tilp of lawyer of attorney office TILP and Deka of fund management company inside accuser argue says, include sectional chief inside the member that the masses manages a the following person, know the masses transforms those who arrange a system intentionally to discharge cogged behavior. Accordingly, the masses should have realized is criminality, and should some earlier warn investor.
