Volkswagen said the SEC complaint 'is legally and factually flawed.'
The Securities and Exchange Commission alleged in a court filing that Volkswagen"perpetrated a massive fraud" and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal.
div > div.group > p:first-child"> The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal. The suit seeks to bar Winterkorn from serving as an officer or director of a public U.S. company and recover"ill-gotten gains." Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker's diesel emissions cheating.
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