February 25, 2019
Volkswagen told a California federal judge that new evidence warrants the dismissal of a pension fund's proposed class action alleging it was duped into buying overpriced bonds based on purportedly misleading offering documents concealing the German automaker's 2015 diesel emissions scandal.
December 11, 2018
Volkswagen has told a California federal judge that a bondholder cannot tack on insider trading claims to a proposed class action alleging it was duped into buying overpriced bonds based on misleading offering documents concealing the German automaker's 2015 diesel emissions scandal.
September 07, 2018
In the latest development stemming from the Volkswagen emissions-cheating scandal, a California federal judge told a bondholder Friday that its second amended complaint could survive the carmaker's dismissal bid, but could not be amended to include insider trading claims.
August 03, 2018
Volkswagen and bondholders squared off before a California federal judge Friday over claims the automaker duped investors into buying overpriced bonds based on misleading offering documents that concealed its diesel emissions scandal, with Volkswagen arguing that bondholders haven't adequately pled they relied on the documents to make the investments.
June 20, 2018
Bondholders told a California federal judge Tuesday that they've sufficiently alleged in their proposed class action that they were defrauded by Volkswagen AG, its U.S. unit and top executives who issued misleading bond offering documents that concealed the German automaker's 2015 diesel emissions scandal.
May 03, 2018
The former CEO of Volkswagen's U.S. unit told a California federal judge Wednesday that a proposed class of bondholders cannot establish that he knowingly helped issue misleading bond offering documents concealing the 2015 diesel emissions scandal.
November 03, 2017
Bondholders suing Volkswagen AG over allegedly inflated bond values prompted by the 2015 diesel emissions scandal told a California federal judge Friday that while their case is about the German automaker hiding the fraud from investors and bondholders, the embattled company is reshaping claims to try and score dismissal.
June 27, 2017
Volkswagen AG asked a California federal judge at a hearing Tuesday to toss some securities claims from sprawling multidistrict litigation over its diesel emissions-cheating scandal, saying the complaint hadn't properly alleged the embattled automaker knowingly misled investors by concealing liabilities even after internal warnings that the scheme could cost the company €20 million.
February 13, 2017
Volkswagen AG and its former CEO urged a California federal court to toss a bondholder's putative class action alleging they misled investors into buying bonds based on false statements about Volkswagen's emission compliance, saying any alleged misstatements aren't actionable as a matter of law.
June 21, 2016
Volkswagen AG investors want to see some green after they were defrauded by the company's claims that clean technology would make it the world's largest carmaker when instead it was defeating emissions testing by software trickery, according to a putative California class action filed by bondholders and a suit filed by a pension fund in Germany Monday.