At issue: upwards of $13 billion in bonds and asset-backed securities issued here between April 2014 to May 2015-a period when, the SEC's lawsuit alleges, Volkswagen's upper echelons were well aware that its 500,000 diesel vehicles in the United States were employing illegal software in order to fool emissions tests.
In a statement, VW said it will contest the action, which it described as unprecedented and legally and factually flawed.
A court in the German city of Braunschweig is now assessing a group action covering suits brought by thousands of investors with claims totaling more than 9 billion euros.
VW did not immediately respond to a call for comment at the time of publication.
The diesel emissions scandal is reported to have already cost VW more than $30 billion, and the company has since shifted its focus to developing electric cars, where the company has invested as much as $50 billion to make the transition to EVs as it attempts to put the diesel scandal in its rearview mirror.
Madrids N Korea embassy assailants linked to CIA
Sources close to the investigation reportedly told El País that the operation was planned perfectly, as if by a " military cell ". But Mr Kim is now serving as a key envoy in North Korean talks with the USA , and helped organise the recent summit in Vietnam.
Apple to launch iOS 13 in June
We will certainly see macOS 10.15, the successor to last year's Mojave OS created to work with MacBooks and iMacs. Apple has formally announced that it is kicking off the Worldwide Developers Conference ( WWDC) 2019 on June 3.
The latest suit is seeking to ban the former VW chief from serving as an officer or director of a public USA company and recover "ill-gotten gains" along with civil penalties and interest.
Winterkorn, who resigned days after the scandal became public in September 2015, was charged by US prosecutors in 2018 and accused of conspiring to cover up the German automaker's diesel emissions cheating. That figure included $4.3 billion in USA criminal and civil fines.
Allegations that VW wrongfully withheld information about the emission software used in its diesel cars have loomed over the company since the scandal first broke in 2015.
The regulator said that from 2007 until 2015, VW carried out a "massive fraud" when selling securities and half a million cars it described as clean diesel, when executives knew about the extent of the cheating, the SEC alleged.
VW's management had sought to strike a deal with US regulators behind closed doors, a process that would lead costs to be "controllable overall with a view to the business activities of Volkswagen Group", a VW document showed.
India played 11 matches in Australia earlier this summer, squaring off in three Twenty20s, four Tests and three one-dayers. India have been playing non-stop cricket since the fag end of the a year ago when they toured Australia, New Zealand.
The 30-year-old tore his ACL in the 2011 season opener only to have a bout with lymphoma that cut his 2014 campaign short. Prior to returning in Week 15, Berry hadn't played since Week 1 of 2017 following a season-ending Achilles injury.
ESPN reports that Wake will receive a three-year, $23 million deal from the Titans including $10 million in guaranteed money. Through his time in Miami, Wake played in 146 games and amassed 98 sacks, 360 tackles and 22 forced fumbles.
His tackling efficiency will be a sight for sore eyes for Chiefs fans, and his effort level is something to contend with. That was made obvious after Justin Houston , Dee Ford , and Eric Berry were all either released or traded this week.
Such a temporary ban would not, for example, apply to pure research. "The issue of genetic correction is more complex", the added. Finally, society would need to add its stamp of approval, perhaps through a legislative process or a referendum.
The impact and fire left the plane in small fragments and destroyed the bodies of any passengers, leaving only remains. More than 40 countries, including the U.S. , have now grounded the planes or refused to let them into their airspace.
This admission follows earlier rumors that Huawei had been working on its own operating systems since at least early 2018. Huawei's CFO was looking for new employment opportunities when she was busted, according to her father.
Nelson would have been battling for field time with Brown and Tyrell Williams , who also was just signed by the Raiders. Williams signed a deal worth $47 million with $22 million guaranteed, a source told Schefter.
Despite erratic quarterback play in Tampa last season, the 5-foot-11 receiver caught 76 passes for 816 yards and five touchdowns. The deal is reported to be four years and worth $36 million ($19 million guaranteed).
All American diplomats have left Venezuela, says Pompeo
Morales, who is on a visit to Greece, said meddling in the domestic affairs of another country never bodes well. Palladino also warned followers of the embattled Nicolas Maduro not to harass USA -backed leader Juan Guaido .
James Gunn back as Guardians of the Galaxy 3 director
After a series of meetings with Walt Disney Pictures honcho Alan Horn, fired director James Gunn will return to the Marvel fold. Gunn deleted the offensive tweets and apologized for his actions, and said he accepted Disney's business decision to fire him.
Google could be working on a foldable phone too
The patent suggests that Google would not go for off-the-shelf parts, and it'll have particular requirements from display makers. According to the patent application , the device is said to include a foldable display that folds inwards.
North Korea Threatens To Scrap Denuclearization Talks
In Beijing, Premier Li Keqiang urged patience and more dialogue between North Korea and the United States. Instead she blamed Mike Pompeo and National Security Adviser John Bolton for hardening the U.S. position.