Investors this week filed masses of new lawsuits against Volkswagen over the carmaker’s diesel emissions scandal, which first emerged a year ago.
Fearful of a deadline that lapsed on Monday, around 750 new lawsuits were filed at the regional court of Braunschweig, close to VW’s headquarters in Wolfsburg, more than doubling the total amount of complaints to around 1,400, the court said in a statement.
The total sum demanded rose to €8.2 billion, or $9.1 billion. That’s double the amount that was claimed by early August, according to the court’s latest figures released Wednesday.
While not all of these are likely to be granted, the claims from institutional and retail investors could further raise VW’s bill to settle the affair, which has pushed Europe’s largest carmaker into crisis.