BERLIN: A Volkswagen shareholder has filed what is believed to be the first suit against the embattled car company for damages suffered over a massive pollution cheating scam, a law firm says.
The plaintiff had only recently bought shares in Volkswagen but saw massive losses after the global deception was made public on September 18, Marc Schiefer from the law firm Kanzlei Tilp said on Friday.
The shareholder is seeking 20,000 euros ($A31,804.09)in damages.
Class action suits do not exist in Germany as they do in the United States and Britain, but Volkswagen can be legally challenged for damages suffered by shareholders.
The global scam has wiped out around 40 per cent of Volkswagen’s market capitalisation.
On Friday, the stock lost another 4.94 per cent to reach 91.73 euros.
Volkswagen has admitted that up to 11 million diesel cars worldwide are fitted with devices that can switch on pollution controls when they detect the car is undergoing testing.
They then switch off the controls when the car is on the road, allowing it to spew out harmful levels of emissions.
