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Volkswagen AG announced Tuesday it will slash investment by 1 billion euros ($1.1 billion) a year, in the wake of a massive emissions cheating scandal. The move comes amid continuing criticism of the German carmaker for its handling of the scandal that has affected nearly 11 million cars worldwide and has thrown the company into its…

A German court said that 70 lawsuits from Volkswagen investors have been filed. The latest, and the biggest so far, was brought Monday by 278 Volkswagen (VLKPY) investors from around the world, including California pension fund CalPers. They seek 3.25 billion euros ($3.6 billion) for losses they say they suffered as a result of the…

By Aebra Coe Law360, New York (March 15, 2016, 12:52 PM ET) — Volkswagen AG has been hit with a $3.6 billion lawsuit in Germany in which nearly 300 institutional investors from across the globe accuse the automaker of breaching its duty to the capital markets participants with regard to its emissions scandal, counsel for…