Bondholder Can't Claim Fraud From Unseen Docs, VW Says

Law360 (September 10, 2019, 4:41 PM EDT) -- A bondholder couldn't have been duped into buying allegedly overpriced Volkswagen bonds if it never saw — much less read — offering documents it claimed concealed the automaker's emissions-cheating scandal, Volkswagen told a California federal court Monday.

Volkswagen AG sought to ditch for good a second amended securities fraud suit from the Puerto Rico Government Employees and Judiciary Retirement Systems Administration, insisting in a reply brief that the pension fund still cannot allege it relied on Volkswagen documents to make its bond-purchasing decisions because it never did. The German automaker argues that "after three motions to dismiss, and more than sufficient...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS