The case is being funded by Bentham Europe, which is also backing a complaint brought in June by institutional investors. BlackRock and a group of institutional shareholders , including Norway ’s Oil Fund and the California State Teachers ’ Retirement System , are to sue Volkswagen for $ 1.7bn in relation to the company ’s emissions scandal and subsequent fall in share price . The investors are expected to file a lawsuit , alleging that VW did not explain its use of cheating devices in a timely manner , in a German court on 30 September .
BlackRock and a group of institutional shareholders , including Norway ’s Oil Fund and the California State Teachers ’ Retirement System , are to sue Volkswagen for $ 1.7bn in relation to the company ’s emissions scandal and subsequent fall in share price . The investors are expected to file a lawsuit , alleging that VW did not explain its use of cheating devices in a timely manner , in a German court on 30 September .