Post a Comment Print Share on Facebook


U.S. securities and exchange Commission sued VW, and Martin Winterkorn
The U.S. securities and exchange Commission sued the car manufacturer Volkswagen and its former chief Martin Winterkorn. The company should have sold bonds and securities to investors, although the Management should already have the exhaust manipulations known. Volkswagen announced that it "vigorously" against the allegations. the

Three and a half years after the diesel scandal has now filed with the U.S. securities and exchange Commission filed a lawsuit against Volkswagen and the former group chief Martin Winterkorn. The Securities and Exchange Commission (SEC) accused the car maker and the Manager to investors in the United States cheated (here as PDF).

VW, where I spent from April 2014 to may 2015 corporate bonds and securitised securities in the amount of more than 13 billion dollars, while Top managers of the group had already known of the exhaust gas manipulation. The group have never "paid the hundreds of millions of dollars", which he had taken in the transactions in securities "in a fraudulent manner". Winterkorn's outstanding lawyer could not be reached on Friday. The lawsuit also seeks to block the Ex-Manager in the future for high-level Corporate positions in the United States.

Volkswagen had said in the United States is already guilty

Volkswagen is known, the group will defend itself vigorously against the lawsuit. It was legal and the factual situation here is faulty. The securities, which had only been experienced investors sold. The investors had not been harmed and have received all of the documents related to payments in full and on time. The lawsuit was an attempt to challenge to the already imposed billions more in fines now from the group. VW had already stated in his recently presented annual report for 2018 to the fact that the SEC had requested information regarding potential violations of securities laws.

The diesel scandal was became known in September 2015. Volkswagen had known, finally, in the United States is guilty, the exhaust gas values are manipulated, and to have this in front of the authorities, veiled. The resulting penalty and compensation payments totaling more than $ 25 billion. In Germany, the preparation for a pattern for a declaratory judgment against the company, have now about 400 000 customers.

Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.