By Ludwig Burger FRANKFURT, Jan 28 (Reuters) - Germany's highest court in civil law said on Wednesday it is seeking guidance from the EU's Court of Justice in a case brought by investors against the
German Court Requests EU Guidance on Porsche Holding Investor Case
Legal Guidance from the EU Court
By Ludwig Burger
Background of the Lawsuit
FRANKFURT, Jan 28 (Reuters) - Germany's highest court in civil law said on Wednesday it is seeking guidance from the EU's Court of Justice in a case brought by investors against the holding company behind Volkswagen over the carmaker's diesel scandal.
Key Legal Questions Raised
The lawsuit was brought by shareholders against Porsche Automobil Holding SE over the disclosure of market-moving information in a scandal that erupted in 2015 when VW came under investigation for cheating exhaust emission tests.
The German Federal Court of Justice said it was seeking clarity, among other aspects, on whether plaintiffs need to show that Porsche Holding had prior knowledge of VW's conduct or whether it is enough to claim Porsche Holding should have known.
(Reporting by Ludwig BurgerEditing by Madeline Chambers)
