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Norway’s wealth fund files complaint against Volkswagen

The fund said the complaint was filed to the Braunschweig District Court in Germany and is part of the lawsuit filed by law firm Quinn Emanuel on behalf of institutional funds in connection with the scandal. Norway's sovereign wealth fund, which holds 1.02% of VW, is Volkswagen's largest shareholder without a seat on its supervisory board. It has long been critical of Volkswagen's governing structure, where the Porsche and Piech families hold 31.5 percent of the capital but control 50.7 percent of voting rights. (E15.cz)

 

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