Volkswagen seeks to have U.S. investor class action suit dismissed
"Volkswagen believes that the consolidated securities class action complaint is without merit. The plaintiffs do not satisfy the basic elements of a U.S. securities claim and, in any event, this action challenging Volkswagen's investor disclosures, issued in Germany, does not belong in a U.S. court."
FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) and its former chief executive have asked a U.S. federal judge in California to dismiss lawsuits filed by American investors accusing the German automaker of deception involving its cheating on diesel emissions tests.
VW late on Monday filed court papers asking U.S. District Judge Charles Breyer in San Francisco to throw out a class action securities complaint led by the Arkansas State Highway Employees’ Retirement System and the Miami police pension fund, saying the matter should not be heard in a U.S. court.
Lawyers for former CEO Martin Winterkorn, who resigned after the company admitted the cheating last year, and current VW brand chief Herbert Diess filed separate motions also asking the judge to dismiss the litigation.