The US-American authorities Environmental Protection Authority (EPA) and California Air Resources Board (CARB) have investigated cars from Volkswagen AG and found that, among others, certain US emission standards have been violated. Emissions of nitrogen oxides (NOx) in engines of certain Volkswagen cars have been found to exceed EPA standards by a factor of up to 40. Volkswagen meanwhile acknowledged having installed so-called defeat devices in 11m diesel vehicles. These defeat devices served to reduce the effectiveness of the US authorities’ emission control systems under testing conditions.
VW and Porsche investors need to act now to ensure that they will keep their right to claim compensation against the carmakers. The statute of limitation expires on December 31, 2018!
DSW together with myRight and the law offices Nieding+Barth and Hausfeld have created an online platform for investors to enable them to join a claim without risking any cost for litigation. Via the platform, Volkswagen and Porsche investors having bought the carmakers’ shares between January 1, 2009 and September 20, 2015 can register their claims via myright.de. The project is supported by funds of the the Fortress Investment Group LLC, which will receive a success fee of 35% (incl. VAT). Investors will not be charged any costs!