Volkswagen may face German lawsuit over short-squeeze

Newswire

FRANKFURT, April 30 (Reuters) - Europe's biggest carmaker Volkswagen shrugged off a report on Saturday of a lawsuit against it by investment funds that accuse the carmaker of causing high losses by manipulating markets in 2008. Business weekly WirtschaftsWoche reported that law firm CLLB is preparing a complaint by German investment funds against Volkswagen, and is likely to file a suit with the regional court of Brunswick in September. A Volkswagen spokesman said on Saturday the company ...

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