Volkswagen A.G.’s emissions scandal has sent the German company’s stock tumbling, but shareholders looking to recover their losses have a difficult road ahead in court.
Volkswagen’s stock has dropped significantly since Sept. 18, when the U.S. Environmental Protection Agency notified the automaker that some of its diesel cars made since 2009 had a “defeat device” in them designed to cheat emissions tests in violation of the Clean Air Act. The device was in about 11 million vehicles worldwide, including 482,000 in the United States. One day earlier, Volkswagen was trading at 167 euros per share. Since the scandal, it has plunged to as low as 92 euros.
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