VW chairman settles market manipulation case in Germany

Poetsch agreed to pay 1.5 million euros ($1.8 million) to end the case. (BLOOMBERG)

B

By:

BLOOMBERG

August 20, 2020 11:59 AM

Volkswagen Group Chairman Hans Dieter Poetsch settled a market manipulation case that alleged he and other former executives informed markets too late about implications of its diesel-emissions rigging for Porsche Automobil Holding, VW’s majority shareholder.

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