Rule 11 Plea Agreement Volkswagen

One leader is in detention awaiting trial, another has pleaded guilty and agreed to cooperate. U.S. prosecutors said in January that five of the seven are likely in Germany. They were not convicted. Volkswagen General Counsel Manfred Doess pleaded on his behalf after saying at a hearing in U.S. District Court in Detroit that he had been allowed by the company`s board of directors to admit guilt. Investors in VW shares welcomed the news calmly after the expected admission of guilt and sent the shares to Germany slightly higher to close 0.3 percent to 143.70 EUROs. DETROIT/WASHINGTON (Reuters) – Volkswagen AG VOWG_p.DE pleaded guilty on Friday to fraud, obstruction of justice and falsifying testimony in a $4.3 billion deal with the U.S. Department of Justice in January. “Volkswagen deeply regrets the behaviour that led to the diesel crisis. The agreements we have with the United States.