FRANKFURT, Germany (AP) — Institutional investors are suing automaker Volkswagen in a German court, seeking $3.57 billion in damages over the company’s diesel emissions scandal.READ MORE: Gay’s 30-Yard FG Lifts Rams Over Brady, Buccaneers 30-27
Attorney Andreas Tilp said Tuesday in a statement that the suit was joined by investors from 14 countries, including the U.S., Australia, Germany, Canada, the Netherlands, and the U.K. Among the plaintiffs is CalPERS, the giant pension fund for government employees in California.READ MORE: Blind Man Who Rescued 5 After Oklahoma City Bombing Dies
Tilp has already filed a suit on behalf of individual investors, claiming Volkswagen didn’t inform investors in a timely way about the troubles with diesel cars.
Volkswagen is being sued by U.S. authorities over 600,000 cars equipped with software that defeated diesel emissions tests. The company has apologized and said it will fix the cars. Some 11 million cars worldwide are affected.MORE NEWS: Mesquite To Hold Prayer Vigil For Murdered Teen 'Left For Dead On The Street'
(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)