No 9th Circ. Rehearsal in VW bondholder issuance trial

By Mike Curley (September 23, 2021, 4:05 p.m. EDT) – The Ninth Circuit said on Thursday it would not grant a rehearing of a lawsuit alleging Volkswagen AG misled bondholders by buying overvalued bonds while hiding the existence of devices intended to cheat emissions tests.

In a brief order, the circuit court wrote that circuit judge Milan Smith and senior judge Jane A. Restani of the US Tribunal of International Trade had voted against a new bench hearing, while circuit judge J. Clifford Wallace, who disagreed with the majority’s prior opinion, voted in favor of the request for a rehearing.

The ruling means the circuit panel’s 2-1 decision in June will stand. In this…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Source link

About Christian M.

Check Also

Bank of Ireland’s IT director for pensions says regulations are killing liberal economies

“I wouldn’t dare tell a business how it should be run, they are the experts. …