Judge Scolds SEC Over Lawsuit Targeting Volkswagen – WSJ

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.

via Judge Scolds SEC Over Lawsuit Targeting Volkswagen – WSJ.