German court overturns Volkswagen settlement approval in diesel scandal – report

Volkswagen has been dealt a legal setback by Germany's civil court, which ruled against the automaker in an appeal concerning the diesel-emissions scandal. According to a Bloomberg report, the Federal Court of Justice in Karlsruhe overturned the shareholders' endorsement of a 2021 settlement with former CEO Martin Winterkorn and ex-board member Rupert Stadler, citing insufficient disclosure to shareholders. The court found that Volkswagen did not provide shareholders the opportunity to inquire about the ...