SEC loses bid to sanction VW in dispute over emissions case witness | Reuters

A U.S. magistrate judge on Friday refused to sanction Volkswagen AG over the refusal of one of its managing agents to sit for questioning by the U.S. Securities and Exchange Commission in its case arising from VW’s emissions cheating scandal.

U.S. Magistrate Judge Alex Tse said in his ruling that VW had not acted in “bad faith” in its efforts to convince Thorsten Duesterdiek to sit for questioning by the SEC in its lawsuit in San Francisco federal court.

“VW has used its best efforts to produce Duesterdiek, and at this point it’s unclear what else VW can do,” Tse wrote. He noted that Duesterdiek faces charges in Germany over the emissions fraud.

Source: SEC loses bid to sanction VW in dispute over emissions case witness | Reuters