WASHINGTON - A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.
“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.”
Breyer cited a California SEC case that found any penalty could be reduced to account for other criminal or civil payments and he referenced the massive U.S. diesel costs VW has paid to date.Breyer said in May he was “totally mystified” why the SEC waited until 2019 to file suit.
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