Securities,
Government
Aug. 19, 2019
SEC is wasting resources in suing Volkswagen, US judge says
“I’m attempting in my own way to determine the progress of the case, and in particular the allocation of resources to prosecuting an action in which many aspects of the case have already been settled years ago,” U.S. District Judge Charles R. Breyer said Friday in a San Francisco courtroom, according to an official transcript.
A federal judge effectively told the Securities and Exchange Commission it was wasting its scarce resources pursuing a securities suit against Volkswagen when he ordered the two parties to discuss a settlement during a status conference Friday.
"I'm attempting in my own way to determine the progress of the case, and in particular the allocation of resources to prosecuting an action in which many aspects of the case have already been...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
Civil Litigation, Ethics/Professional Responsibility
VW wants to bar former FBI chief from testifying in emissions trial
By Blaise Scemama
Civil Litigation
VW seeks reliance standard guidance on omitted information
By Blaise Scemama
Civil Litigation, Government
Judge grills SEC lawyer about why Volkswagen lawsuit was filed so late
By Winston Cho
Civil Litigation, Environmental & Energy, 9th U.S. Circuit Court of Appeals
Smattering of plaintiffs continue claims against Volkswagen after major settlement
By Nicolas Sonnenburg
Securities, Criminal, Corporate
VW may not settle SEC suit alleging investor fraud
By Blaise Scemama
9th U.S. Circuit Court of Appeals
Non-class counsel have standing to challenge VW settlement, but panel rules against them
By Meghann Cuniff
Litigation & Arbitration, Civil Litigation
$48M settlement between VW and investors gets preliminary nod
By Sean Kagan