Porsche Next To Get Slapped For Dieselgate

Reuters is reporting that a suit filed with the Supreme Court of New York targets Porsche and former members of the management and supervisory boards of Volkswagen. Porsche, who didn’t identify the plaintiffs, holds 31.4% of Volkswagen shares.

“The plaintiffs claim to be shareholders of Volkswagen AG and assert with their action alleged claims of Volkswagen AG on behalf of Volkswagen AG,” Porsche SE said. There are billions more in shareholder claims, which could take years to be paid out.

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