Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030 May 23, 2022 By Karin Matussek First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...
Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage May 10, 2021 By Karin Matussek Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year,...
German Court Says EY Auditors Must Testify Before Parliamentary Panel About Wirecard February 11, 2021 By Karin Matussek Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about...
Former Wirecard Executive Marsalek Placed on Interpol’s Most Wanted List August 13, 2020 By Karin Matussek Former Wirecard AG executive Jan Marsalek was added to Interpol’s red notice list, sparking a worldwide manhunt for one of...
Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies October 28, 2019 By Neil Weinberg and Karin Matussek For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines May 8, 2019 By Karin Matussek and Christoph Rauwald Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel...
UK Household Insurers, Banks Face Action for Overcharging Customers December 19, 2018 By Jonathan Browning and Karin Matussek Providers in the U.K.’s markets for cash savings, mortgages, insurance, mobile phone contracts and broadband are burdening customers with a...
VW’s Audi Unit Slapped with $925M Fine in Germany over Emissions Scandal October 17, 2018 By Elisabeth Behrmann and Karin Matussek Volkswagen AG’s Audi unit agreed to pay an 800 million-euro ($926 million) fine for its role in the diesel-cheating scandal...
Germany Moves Toward U.S.-Style Class-Actions, Benefiting VW Diesel Car Litigants June 15, 2018 By Birgit Jennen and Karin Matussek Germany will allow interest groups to sue on behalf of consumers, taking a tentative step toward U.S.-style class-action lawsuits in...