the atmosphere of 278 institutional investors against Volkswagen is done in the US and a total tuned car giant at around 30 billion Swedish kronor. The Swedish pension fund Seventh AP Fund, which manages money for all Swedes who have not made an active choice in the premium pension, is one of the investors in class action lawsuits wants Volkswagen to pay for its emissions fraud.
– We believe that we have good chances to get through this, says Johan Floren, head of corporate governance at the Seventh AP Fund.
How much compensation the Swedish pension fund may, at any gain or conciliation depends on the economic damage the court concludes that the fund has suffered.
– Internationally, we are a small fund but we hope that our investors will receive compensation for the money they have lost.
the lawsuit shall review about Volkswagen has caused investors its financial loss by not coming out with the relevant information.
in total, the Seventh AP Fund approximately 170 000 shares in VW shares in Volkswagen. It represents approximately 177 million Swedish kronor at today’s exchange rate.
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