In the investor proceedings against VolkswagenGroup and the umbrella holding company Porsche SE because of the diesel scandal, there should be extensive evidence with many questions to the former management of the car manufacturer. The Braunschweig Higher Regional Court announced on Friday a corresponding decision to take evidence in the mammoth proceedings. Accordingly, the court wants to hear 86 witnesses and view a large number of documents.
The hearing of evidence is scheduled to begin in September. However, it is unclear whether the witnesses actually appear in Braunschweig or possibly invoke their right to refuse to testify.
In the process under the Capital Investors Model Proceedings Act (KapMug), there has been a dispute since 2018 about compensation for investors who suffered billions in price losses at VW after the Dieselgate affair was exposed. At the beginning of March, the court informed those involved that it considered extensive evidence to be necessary. In view of the expected time-consuming measure with an open outcome, it was recommended to those involved to examine settlement talks.