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2016-03-05 — latimes.com
It's relatively common in the United States for investors to sue public companies following scandal-driven stock slumps, but such suits are less common in Europe, said Bruce Simon, a partner at law firm Pearson Simon & Warshaw, which specializes in class-action and securities litigation.
He said the big question for the pension funds and other U.S. investors in VW is how much they'll be able to recover under German securities law.
"There's lots of precedent in the U.S., but I don't think the precedent is anywhere near as well established in Germany," he said. "It's going to be interesting to watch where this goes."
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