Securities,
Criminal,
Corporate
Mar. 22, 2019
VW may not settle SEC suit alleging investor fraud
“We’re confident that we can achieve a good result for VW by litigating with the SEC, and we may have to try the SEC’s case,” said Robert J. Giuffra Jr. of Sullivan & Cromwell LLP, counsel for Volkswagen.
While Volkswagen seemed more than willing to dish out $23 billion in various settlements in attempts to put the "dieselgate" emissions scandal behind it in 2016, the company might not be as willing to settle with the U.S. Securities and Exchange Commission's investor fraud suit filed last week.
"Our strategy has been to settle the Volkswagen cases that could be settled on reasonable terms as quickly as possible and to litigate where ...
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