A federal judge in California urged the U.S. Securities and Exchange Commission and Volkswagen to resolve a civil suit.
Aug. 20, 2019—U.S. District Judge Charles Beyer in San Francisco, said he was putting the suit stemming from Dieselgate emissions scandal on hold, reported Reuters. The SEC filed a civil suit in March accusing Volkswagen and its former chief executive, Martin Winterkorn, of defrauding investors in U.S. bond offerings.
He said he was putting the suit on hold until Oct. 4.
“I want you to spend the next month or so seeing if you can resolve this case,” Breyer said, adding he was temporarily halting the case and ordering both sides “to sit down and see if you can work it out because whatever you work out today would be less expensive to everybody than what you would work out in the future.”
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