Porsche SE was not obliged to inform capital markets in June 2008 about cheating on Volkswagen emissions tests, a Stuttgart court ruled, concluding that the responsible board members were at the time not aware of the deceit.
Hundreds of shareholders have filed a lawsuit alleging that Porsche SE, a majority shareholder in VW Group, informed the capital market too late about the diesel scandal revealed in 2015 at the automaker, claiming losses of 929 million euros ($1 billion).
The Stuttgart court ruling is not final.
