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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Dieselgate

A federal court in California dismissed part of the Securities and Exchange Commission’s suit against Volkswagen arising from the Dieselgate emissions scandal, finding that the Department of Justice “had the power to and did release” the agency’s civil claims arising out of asset-backed securities offerings.

SAN FRANCISCO — A federal court in California dismissed part of the Securities and Exchange Commission’s suit against Volkswagen arising from the Dieselgate emissions scandal, finding that the Department of Justice “had the power to and did release” the agency’s civil claims arising out of asset-backed securities offerings. 

However, the court found that the SEC’s claims for disgorgement and injunctive relief may continue.

Categories / Government, Law, Securities

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