August 20, 2020
A California federal judge on Thursday substantially trimmed a U.S. Securities and Exchange Commission action alleging Volkswagen AG defrauded U.S. investors by failing to disclose its "clean diesel" emissions cheating scheme, but said former CEO Martin Winterkorn must face the regulator's claims.
May 29, 2020
U.S. securities regulators told a California federal judge that Volkswagen knowingly misled bond investors by failing to disclose its "clean diesel" emissions cheating scheme, so it's still on the hook for securities fraud even after reaching settlements with other agencies.
April 13, 2020
Volkswagen asked a California federal judge Friday to trim the U.S. Securities and Exchange Commission's belated bid to "collect its own pound of flesh" by alleging the German automaker defrauded U.S. investors in a bond offering that failed to disclose its "clean diesel" emissions cheating scheme.
August 16, 2019
A California federal judge told the U.S. Securities and Exchange Commission and Volkswagen on Friday to negotiate a deal to end claims the German automaker defrauded U.S. investors in a bond offering that failed to disclose its "clean diesel" emissions cheating scheme.
July 15, 2019
Volkswagen AG has told a California federal judge that the U.S. Securities and Exchange Commission can't hide behind excuses for waiting years to sue the German automaker for allegedly defrauding U.S. investors in a bond offering that failed to disclose its "clean diesel" emissions cheating scheme.
July 08, 2019
The U.S. Securities and Exchange Commission on Monday told a California federal judge that Volkswagen AG was partly to blame for the lengthy time period between the revelation of the German automaker's emissions scandal and the agency's filing of its suit against the company.
May 10, 2019
A California federal judge said Friday he's "totally mystified" by how many years the U.S. Securities and Exchange Commission took to sue Volkswagen over its emissions scandal, saying the SEC is acting like a scavenger bird that "simply descends when everything is all over and sees what it can get."
May 09, 2019
The U.S. Securities and Exchange Commission's allegations that Volkswagen fraudulently raised billions of dollars through bonds while failing to mention that scores of its vehicles flouted emissions standards throws a wrench in the German automaker's attempts to move past its "clean diesel" emissions scandal.
March 15, 2019
The U.S. Securities and Exchange Commission sued Volkswagen AG and its former CEO Martin Winterkorn late Thursday for allegedly defrauding U.S. investors by raising billions of dollars through bonds while failing to disclose that its "clean diesel" vehicles didn't comply with emissions standards.