A logo of Volkswagen is pictured on the wall at the 86th International Motor Show in Geneva, Switzerland, March 1, 2016. REUTERS/Denis Balibouse
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Embattled German automaker Volkswagen believed it could clear up emissions-cheating allegations with U.S. authorities amicably and was caught offguard by them going public instead, a key company document revealed Monday.On top of still unquantifiable regulatory fines in a range of countries, VW is facing a slew of legal suits, notably in the U .. S and Germany, from angry car owners, as well as from shareholders seeking damages for the massive loss in the value of their shares since September.They accuse VW of violating capital market disclosure rules, saying the car maker knew about the irregularities long before the scandal broke and should have informed shareholders much earlier because they must have known it would affect the share price.U.S. authorities had never unilaterally decided to go public with similar accusations against other car makers, VW argued.At that stage in September 2015, the negotiations between VW's American subsidiary and the U.S. authorities had already been going on for more than a year.
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