Germany's Top Court Overturns Dieselgate Insurance Settlement

Germany's highest appeals court has annulled a lower court's endorsement of a Volkswagen settlement regarding directors' and officers' liability insurance in the dieselgate scandal. The decision mandates a rehearing of legal challenges against annual votes supporting settlements with former management board members.

Germany's top appeals court has overturned a lower court's decision supporting a Volkswagen settlement over directors' and officers' liability insurance in the dieselgate case.

The Federal Court of Justice has mandated that the lower court must rehear the case and evaluate legal challenges related to annual general meeting votes that favored liability settlements with former management board members.

(With inputs from agencies.)