Auto Maker Asks 9th Circuit To Deny Investor’s Rehearing Bid In Securities Suit

Mealey's (August 6, 2021, 2:08 PM EDT) -- SAN FRANCISCO — Volkswagen Aktiengesellschaft (VWAG) and others (collectively, VWAG) asked the Ninth Circuit U.S. Court of Appeals on Aug. 3 to deny a rehearing bid filed by a shareholder in a “mixed” securities fraud class action appeal because, in reversing and remanding, the panel majority’s findings were in line with the U.S. Supreme Court’s ruling in Affiliated Ute Citizens of Utah v. United States, as well as both Ninth Circuit and other federal circuit court rulings....