Volkswagen Ag Plea Agreement

VW agreed to plead guilty and pay a $2.8 billion fine. In accordance with the Action Agreement, which must be reviewed and accepted by the court, VW undertakes to cooperate fully in the ongoing investigation and prosecution of those responsible for these crimes, to remain on parole for three years and to undergo an independent compliance review of the company, which will be managed by the company for at least three years. In this case, the government does not have the objective of restitution, because “the number of identifiable victims is such that restitution is unenforceable” and/or “the determination of quantities of complex facts related to the cause or amount of victims` losses would complicate or prolong the criminal proceedings in such a way that the need to grant restitution to a victim would prevail because of the burden of criminal proceedings.” See Mandatory Victims` Rights Act (18 U.S.C. BUT, as part of the civil proceedings entitled In re Volkswagen “Clean Diesel” Marketing, Sales Practices, and Products Liability Litigation, Case No. 3:15-md-2672 (N.D. Cal.), VW has entered into an agreement that will result in compensation for victims of the underlying criminal conduct that is the subject of the appeal agreement. Parallel to the third agreement, the U.S. Department of Justice settled criminal proceedings against Volkswagen AG by arguing for crimes of conspiracy, obstruction of justice and importation of goods by false statements; and U.S. Customs and Border Guards have resolved civil fraud involving Volkswagen from illegal importation of affected vehicles. Details of these resolutions are not on this page. If you would like to contact the Department of Justice about the admission of guilt, you can contact the Victim Helpline free of charge at (888) 549-3945 or by email at victimassistance.fraud@usdoj.gov. “Volkswagen deeply regrets the behaviour that led to the diesel crisis. The agreements we have reached with the U.S.

government reflect our determination to fight faults that are contrary to all values that cost Volkswagen so much,” the company said in a statement. “Volkswagen is not the same company today as it was 18 months ago.” 21.04.2017 – The court accepted oral arguments and fined VW $2.8 billion. As part of the plea, VW accepted the sentence and cooperated fully with the ongoing investigation and prosecution of the remaining defendants, is on parole for three years and is placed under the side of an independent company compliance monitor who will oversee the company for at least three years. Volkswagen AG (VW) has agreed to plead guilty to three counts and pay a US$2.8 billion fine, with the company long selling some 590,000 diesel vehicles in the United States.