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BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is seeking damages from former managers, who were dismissed for their roles in the diesel emissions scandal that has cost the German automaker as much as $30 billion, the Handelsblatt newspaper reported on Thursday. Volkswagen filed the claims for damages as part of labor court disputes at the end of last year, the newspaper said, without giving details of which former employees it had targeted or how high the total damages claims might be women’s shirts that need cufflinks. Volkswagen declined to comment on the report..
Handelsblatt said Volkswagen has fired six managers since it admitted in 2015 to illegally installing software in U.S. vehicles for years to evade emissions standards. It said all six were fighting their dismissals. Volkswagen pleaded guilty in 2017 as part of a $4.3 billion U.S. settlement women’s shirts that need cufflinks. In total, nine people have been charged in the diesel emissions scandal and two former VW executives have pleaded guilty and been sentenced to prison terms. Handelsblatt said Volkswagen was seeking to recover a large part of the 4 million euros ($4.60 million) the company paid for the defense of one of the jailed former executives, Oliver Schmidt, who was handed a seven year prison sentence in 2017..
NEW YORK (Reuters) – HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015 women’s shirts that need cufflinks. The settlement with the British bank was made public late Wednesday night in the federal court in Manhattan, and requires approval by U.S. District Judge Edgardo Ramos. HSBC is the third bank to settle, after Deutsche Bank AG and Bank of America Corp agreed in August 2017 to pay a respective $48.5 million and $17 million and cooperate with the plaintiffs..
Investors led by two Alaska government entities and the Iron Workers Pension Plan of Western Pennsylvania accused banks of colluding to manipulate prices of U.S. dollar-denominated supranational, sub-sovereign and agency bonds. They said the banks used chatrooms and other means to share price data and coordinate trading, effectively functioning as a single “super-desk,” to reduce competition and boost profit on “virtually every trade” at customers’ expense. “Rare is an antitrust case like this one, where a large volume of ‘smoking gun’ evidence exists at the pleading stage,” they said in an amended complaint filed on Nov. 13 women’s shirts that need cufflinks.
HSBC denied liability, but settled to avoid more litigation that could prove “extraordinarily expensive and time-consuming,” according to its settlement agreement. It also agreed to cooperate with the plaintiffs, including by providing evidence such as electronic chats among the banks. A spokesman, Rob Sherman, declined additional comment on Thursday. The remaining defendants include Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Agricole SA, Credit Suisse Group AG, Nomura Holdings Inc, Royal Bank of Canada and Toronto-Dominion Bank women’s shirts that need cufflinks.