A federal judge sharply questioned why securities regulators took so long to sue Volkswagen over its bond offerings, years after other government agencies resolved litigation over the auto maker’s diesel-cheating scandal.
U.S. District Judge Charles Breyer on Friday suggested the Securities and Exchange Commission’s March 2019 lawsuit makes it look like a “carrion hawk that simply descends when everything is all over and sees what it can get from the defendant,” according to a transcript provided to The Wall Street Journal.
‘Enforcement 40’ for 2020
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