Volkswagen AG may face a U.S. Securities and Exchange Commission lawsuit over the carmaker’s failure to disclose to investors that its diesel vehicles didn’t comply with emission standards, according to a regulatory filing.
The SEC informed the German automaker that it might bring an enforcement action related to an investigation that formally began in January 2017, VW said March 13 in its annual report. The probe relates to information the company didn’t disclose when it sold bonds and asset-backed securities.
Allegations that VW wrongfully withheld information about the emission software used in its diesel cars have loomed over the company ...
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