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Model proceedings for shareholders against Porsche SE dragged on

Thursday, 11/11/2021 3:00 p.m. from

dpa-AFX

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STUTTGART (dpa-AFX) – The legal dispute against VW – umbrella company Porsche SE (PSE) in the wake of the diesel scandal is expected to continue with an oral hearing in summer 2022. This was announced by the Stuttgart Higher Regional Court on Thursday. The legal dispute concerns claims for damages by Porsche shareholders, which the major shareholder of Volkswagen (VW share) accuse of having informed too late about the emissions scandal.

The reason for the long pause are proposals for enlargement, on which both sides now have to comment. The civil senate negotiated the model case on Tuesday and Wednesday in Leinfelden-Echterdingen. The legal questions that play a role in many proceedings against Porsche SE are then to be clarified in it. This decision will then form the basis for the numerous dormant proceedings in which investors seek damages.

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