Monday, September 28, 2015

The Potential Criminal Consequences for Volkswagen; New York Times, 9/24/15

Peter J. Henning, New York Times; The Potential Criminal Consequences for Volkswagen:
"It appears automakers have become the latest source of corporate misconduct after Volkswagen admitted installing software to fool emissions tests.
It comes after the General Motors settlement of a criminal investigation into how it handled defective ignition switches that caused at least 124 deaths. And when there is a video in which the head of Volkswagen’s American operations tells an audience in Brooklyn that the company was “dishonest” and “totally screwed up,” then it is only a matter of time before the company has to deal with multiple civil and criminal penalties.
The question is what types of proceedings Volkswagen is likely to face and how far up the corporate ladder prosecutors can go in seeking to hold individuals accountable."

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