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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC 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 […]
VW fights ‘draconian’ SEC sanction bid in emissions case | Reuters
Volkswagen AG has asked a U.S. judge to reject what the German automaker called a “draconian” bid from the U.S. Securities and Exchange Commission to punish the company for an employee who allegedly refuses to be questioned as part of the agency’s VW emissions cheating scandal case. VW said in a filing on Friday in […]
With help from Judge Breyer, VW signals multi-pronged defense in SEC case – Reuters
The Securities and Exchange Commission had a tough go of it at a hearing Friday before U.S. District Judge Charles Breyer of San Francisco, who is overseeing the SEC’s securities fraud case against Volkswagen. It’s just not a good day for the government when a judge feels compelled to point out that the bird in […]
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 […]
Late to the Party, the SEC Unleashes a Dubious Suit Against VW | The Recorder
Sure, there still were some ongoing state-level actions, but all the big stuff was supposedly over, wrapped up in a $14.7 billion deal that covered a class action by VW owners plus claims by the Department of Justice, the EPA, the Federal Trade Commission, the California Air Resources Board and attorneys general of 44 states, […]
US SEC sues Volkswagen and ex-CEO over diesel scandal | Business | The Guardian
The US Securities and Exchange Commission is suing Volkswagen and its former chief executive, accusing them of defrauding investors by making “deceptive” claims about the environmental impact of its cars. The regulator said that from 2007 until 2015, VW carried out a “massive fraud” when selling securities and half a million cars it described as […]
VW faces about $10.7 billion investor suit over dieselgate scandal | Reuters
Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015. via VW faces about $10.7 billion investor suit over dieselgate scandal | Reuters.
Germany watchdog investigating Volkswagen shares in run-up to CEO change: Reuters
The German financial markets watchdog is investigating trading in Volkswagen shares before the announcement of a new chief executive, a German magazine reported on Tuesday. via Germany watchdog investigating Volkswagen shares in run-up to CEO change: Reuters