The impact of the recent Volkswagen (VW) emissions scandal has seen the share price of the company plummet by 35% causing huge losses to investors in what was regarded as a blue chip stock.
Investors moved quickly this week to dump their shares on the back of the news that VW had admitted falsifying emissions data in the USA for fear of massive fines and the inevitable downturn in business and loss of confidence in one of the largest car manufacturers in the world. The suspicion is that the practices which were taking place in the USA were in fact widespread across the company and may have affected emissions data for cars sold in the EU.
We have set up a group to for interested people to register their interest to be kept up to date on this matter. If you would like to register your interest visit our Volkswagen Legal Investigation page.
Both private and institutional investors will now likely be considering legal action to recover the loss in value of their shareholding caused by VW’s actions. It is envisaged that claims could be brought for a number of reasons including under the Companies Act 2006, breach of fiduciary duty, negligence and misrepresentation.
Investors in VW who have seen their investments suffer due to the recent developments should contact the specialist litigation team at Slater and Gordon Lawyers UK. Call us on freephone 0800 916 9015 or contact us online and we will call you back.