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...
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