The horse ain’t dead yet

“SEC Charges Volkswagen With Defrauding U.S. Bond Investors,” The Wall Street Journal, March 16, 2019.  Did the company’s senior executives delay reporting the discover of the fraud in the emissions-testing scandal?

As the company was issuing bonds during this period, were the bond purchasers defrauded?

Allegations: Information not disclosed, in violation of stock laws in the US.  What did senior executives know, and when did they know it?  If the company didn’t know, were the directors properly fulfilling their oversight responsibilities?  How much has VW paid already, and how much will it (and its shareholders) pay?  How much will the directors of VW pay?

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Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

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