VW May Face SEC Suit Over Failing to Disclose Diesel Breach
- Carmaker disclosed potential enforcement action in filing
- Agency probe relates to sale of bonds, asset-backed securities
Photographer: Jason Alden/Bloomberg
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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 Tuesday in its annual report. The probe relates to information the company didn’t disclose when it sold bonds and asset-backed securities.