Civil Litigation
Feb. 6, 2020
VW seeks reliance standard guidance on omitted information
Volkswagen asked the 9th U.S. Circuit Court of Appeals to weigh in on a district court’s denial of a motion to dismiss claims that the automaker tricked a pension fund into buying overpriced bonds by failing to mention the emissions’ “cheat device” in offering documents.
Still facing litigation relating to the 2015 "clean emissions" scandal, Volkswagen asked the 9th U.S. Circuit Court of Appeals to weigh in on a district court's denial of a motion to dismiss claims the automaker tricked a pension fund into buying overpriced bonds by failing to mention the emissions' "cheat device" in offering documents.
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