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Volkswagen's U.S. finance unit to pay USD 48.75 million to settle SEC diesel case

On March 15, Volkswagen Group of America's wholly owned finance unit has agreed to pay USD 48.75 million to resolve a government lawsuit that accused the automaker and its former CEO of defrauding investors in U.S. bond offerings.
The settlement still requires approval by a U.S. judge in San Francisco.
The Securities....

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