Judge Calls Out Ex Volkswagen CEO For Not Acting In Good Faith Over Dieselgate

A judge hearing a case brought by investors against Volkswagen has deemed its former corporate head, Martin Winterkorn, was too slow in addressing the emissions test cheating that steered the automotive giant into colossal U.S. fines. It’s an early blow against the German company in a suit seeking $10.6 billion in damages for stock losses suffered when the scandal finally became public.

“Anyone acting in good faith would have followed up on this information,” Judge Christian Jaede of the ex-CEO during the second day of hearings held at the Braunschweig higher regional court. “This appears not to have happened.”
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TomM - 9/12/2018 12:07:08 PM

+1 Boost

The court system in Germany - and their laws - are quite different from the USA - and things are settled in pieces more than they are here. Still - it is nice to know that eventually those conspiring will be caught and have to pay the piper!