BERLIN -- Volkswagen Group faces 8.2 billion euros ($9.14 billion) in damage claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said.
A total of about 1,400 lawsuits have been lodged at the regional court in Brunswick near Volkswagen's Wolfsburg headquarters, the court said on Wednesday.
The Brunswick court said it received some 750 lawsuits on Monday alone, which marked the first business day after the one-year anniversary of VW's diesel emissions test-rigging scandal.
The biggest claim at the Brunswick court, totaling 3.3 billion euros, was filed by lawyer Andreas Tulip on behalf of institutional investors around half a year ago.
The court detailed additional complaints on Wednesday, saying they included a filing by institutional investors for 30 million euros in damages, two investor groups demanding 1.5 billion and 550 million euros respectively and an investment company that sued the carmaker for 45 million euros.
The court said it brought in extra staff to process the suits submitted by shareholders concerned that Sept. 18, the day VW's manipulations were uncovered a year ago, may be the deadline to file.
The flood of new shareholder suits in Germany adds to the carmaker's troubles. A year after admitting that about 11 million diesel vehicles had been equipped with software to cheat pollution tests, VW is far from resolving the fallout. It agreed to pay $16.5 billion to settle suits by some U.S. authorities and car owners.
Shareholders are incensed because the stock price dropped 35 percent in the two trading days after U.S. regulators disclosed the so-called defeat device.
VW, which faces lawsuits and investigations across the world, has consistently said it did not break capital markets regulations in the disclosure of its cheating.
It would take about four weeks to fully process the additional claims, the court said.
Complaints have also been filed by German state pension funds.