Tag: VW

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…

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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 clean diesel, when executives knew…

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