Third-party litigation funder, Bentham Europe, is to fund a shareholder action against Volkswagen AG for breaches of German securities law.

On 18 September, US environmental agencies released the results of investigations they had conducted into the fitting of 'defeat devices' in vehicles manufactured by the German company.

Up to 482,000 vehicles sold by the car manufacturer in the US had been fitted with software that lowered the amount of Nitrous Oxide (NOx) and other pollutants emitted under test conditions.

Once on the road, however, the vehicles' NOx emissions purportedly increased by up to 30 to 40 times.<...

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