FIRST AIRED: September 10, 2018

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COMING UP:Share Opener Variant 1

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Transcript

00:00:00
>> Volkswagen went on trial Monday over its emissions scandal as investors seek $10.6 billion in compensation. They say the car maker should have informed shareholders earlier about the diesel pollution scandal.>> VW should have told markets in June 2008, we can't manage to produce the technology required in the US.
00:00:22
VW did not do that. To the contrary, it obtained an approval fraudulently. VW admitted as much in the US, they cheated time and again.>> Shareholders representing almost 1,700 claims are seeking compensation for a slide in VW's share price triggered by the scandal. They say if they'd known about it earlier, they could have sold shares, or avoided buying them.
00:00:46
The value of VW shares fell by up to 37% in the days after authorities exposed illegal levels of pollution emitted from VW diesel cars. The carmaker has admitted systematic emissions cheating, but denies wrongdoing in matters of regulatory disclosure.>> This trial in our view only concerns the question about whether Volkswagen fulfilled its disclosure obligation to shareholders in the capital market.
00:01:09
We are convinced that this is the case.>> Interest in the case is so intense it's being held at a convention center near VW's headquarters rather than in a court. Several high ranking Volkswagen executives are expected to testify.