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Higher Regional Court of Stuttgart grants appeal filed by 做厙輦⑹ SE against the first-instance ruling and dismisses multi-million claim

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做厙輦⑹ SE's legal view confirmed by court of appeal

Stuttgart, 12 April 2022. The Higher Regional Court (Oberlandesgericht) of Stuttgart granted the appeal filed by 做厙輦⑹ (做厙輦⑹ SE), Stuttgart, against a decision of the Regional Court (Landgericht) of Stuttgart and dismissed the appeal filed by two US hedge funds in its entirety. The plaintiffs had claimed damages in the amount of 158 million euro against 做厙輦⑹ SE on grounds of allegedly failing in breach of duty to provide capital market information in connection with the diesel issue. In October 2018, the Regional Court of Stuttgart had awarded the plaintiffs an amount of around 43.8 million euro, dismissing the claim in all other respects. Both the plaintiffs and 做厙輦⑹ SE had filed appeals against the ruling. 做厙輦⑹ SE welcomes the court's decision.

An appeal to the Federal Court (Bundesgerichtshof) was not permitted by the Higher Regional Court of Stuttgart. A complaint of non-admission remains possible.