Porsche SE
Investors accuse the holding company of having informed them too late about the diesel scandal and its financial consequences for VW.
StuttgartIn connection with the numerous complaints filed by investors in the VWDiesel scandal wants the umbrella company Porsche SE achieve the replacement of the competent Stuttgart judge. The district court confirmed on Thursday that the holding company, which holds a good half of the voting rights Volkswagen has filed an application for bias.
The Porsche SE On request, she said she saw fundamental procedural rights that were also protected by the constitution violated. At the beginning of the year, Volkswagen AG had already tried to have the judge replaced, but failed.
The Stuttgart district court negotiates the Damages claims by investors against the Porsche SE. The claimants accuse the holding of delaying them too late diesel scandal and its financial consequences for VW. The PSE rejects the allegations as well as VW itself.
In two of the trials, the judge ordered Porsche SE to pay damages totaling just under € 47 million in October. The decision is not yet final.
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The Porsche SE criticizes, among other things, that the judge alone and not with a full chamber on the cases decide. This had been repeatedly discussed in the oral proceedings. In addition, the holding company sees its right to be heard violated by the surprisingly pronounced judgments in October.
The application must now be decided jointly by the two remaining members of the Chamber and another judge.