DOJ Names Larry Thompson as Corporate Monitor for VW
Former deputy U.S. attorney general Larry Thompson was named independent corporate monitor overseeing compliance reforms at Volkswagen AG for the next three years by the U.S. government on Friday.
April 21, 2017 at 03:15 PM
7 minute read
Former deputy U.S. attorney general Larry Thompson was named independent corporate monitor overseeing compliance reforms at Volkswagen AG for the next three years by the U.S. government on Friday.
The announcement came as Volkswagen was sentenced Friday in U.S. district court in Detroit on three felony counts related to its decade-long scheme to sell vehicles containing software meant to cheat U.S. emissions tests. VW agreed to pay $4.3 billion to settle the charges.
The penalty includes a $2.8 billion criminal fine plus $1.5 billion to resolve civil environmental, customs and U.S. financial claims related to the emissions scheme.
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