Insurers will have to pay out claims on business interruption insurance policies amounting to hundreds of millions of pounds after a High Court ruling this week.
A High Court judge has concluded that the Volkswagen Group did install illegal emissions defeat devices to its cars to rule in favour of a class action brought by 90,000 aggrieved owners.
JD Classics founder Derek Hood is being sued for £64 million by the failed classic car restoration and retail business’ administrator Charme Capital.
A High Court hearing has found that classic car dealer JD Classics did act as an agent for a collector who claims to have “suffered catastrophic losses” during the trading of 41 vehicles.
The High Court will hear an application for a Group Litigation Order as part of three-days of proceedings to decide the deadline for dieselgate emissions claims against Volkswagen in England and Wales.
A classic car collector has started High Court proceedings against JD Classics after alleging that the trader invented fictitious buyers and sellers to boost its sales profits.
