Braunschweig Public Prosecutor v. Volkswagen AG

A team of Gleiss Lutz lawyers advised Volkswagen AG’s supervisory board in connection with the indictment brought by the Braunschweig Public Prosecutor’s office.

The Braunschweig public prosecutor’s office has brought an indictment against the former chairman of the board of management of Volkswagen AG, Prof. Martin Winterkorn, as well as against the chairman of the supervisory board, Hans Dieter Pötsch, and the chairman of the board of management, Dr. Herbert Diess, for alleged market manipulation.

Volkswagen AG considered the indictment of the company for alleged market manipulation as a result of an alleged failure to make an ad hoc disclosure in connection with the diesel issue in the United States in 2015 to be unfounded and strongly rejected the allegations by the Braunschweig Public Prosecutor’s Office.

Volkswagen AG’s supervisory board is being advised by the following Gleiss Lutz team: Prof. Dr. Michael Arnold (Picture), Dr. Vera Rothenburg (partner), Dr. Adrian Bingel (partner, all corporate, all Stuttgart), Martin Hitzer (partner, corporate, Düsseldorf), Steffen Carl (partner, corporate, Munich), Dr. Hansjörg Scheel (partner, corporate, Stuttgart), Dr. Matthias Gärtner (counsel, corporate, Düsseldorf), Dr. Thomas Kreuz (corporate, Stuttgart), Katharina Bein, Nils Maiwurm, Dr. Simon Frye (all corporate, all Düsseldorf) and Dr. Jan-David Geiger (corporate, Stuttgart).

Involved fees earner: Michael Arnold – Gleiss Lutz; Katharina Bein – Gleiss Lutz; Adrian Bingel – Gleiss Lutz; Steffen Carl – Gleiss Lutz; Simon Frye – Gleiss Lutz; Matthias Gärtner – Gleiss Lutz; Jan-David Geiger – Gleiss Lutz; Martin Hitzer – Gleiss Lutz; Thomas Kreuz – Gleiss Lutz; Nils Maiwurm – Gleiss Lutz; Vera Rothenburg – Gleiss Lutz; Hansjörg Scheel – Gleiss Lutz;

Law Firms: Gleiss Lutz;

Clients: Volkswagen AG;