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Porsche caught in VW diesel lawsuits as investors race to file

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A group of institutional investors have filed a pair of lawsuits, seeking 2.8 billion euros from VW and 2.2 billion euros from Porsche, according to Klaus Nieding, a lawyer for the plaintiffs.

Berlin

PORSCHE Holding SE was dragged deeper into the Volkswagen AG emissions debacle as investors raced to file German lawsuits ahead of the one-year anniversary of the scandal.

A group of institutional investors filed a pair of lawsuits, seeking 2.8 billion euros (S$4.3 billion)