VW Nixes Bondholders' Fraud Suit Over Emissions, For Now

Law360 (March 2, 2018, 10:33 PM EST) -- A California federal judge Friday granted Volkswagen AG's bid to dismiss bondholders' putative class action over allegedly inflated bond values prompted by the 2015 diesel emissions scandal, finding that a November Second Circuit decision upends the logic the court relied on in moving the claims forward in July.

U.S. District Judge Charles R. Breyer left the lead bondholder Puerto Rico Government Employees and Judiciary Retirement Systems Administration leave to amend its complaint but said that its contention — that VW’s R&D and regulatory-risk statements in its...
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