Business Law Section

The Business Law Section furthers the knowledge of its members in the law of the Uniform Commercial Code, banking law, corporate law, partnership law, matters of debtor and creditor relations, and litigation practice related to such law.

Chair
Egerton, McAfee, Armistead &...
P. O. Box 2047
Knoxville, TN 37901-2047
(865)546-0500
Immediate Past Chair
Bass, Berry & Sims PLC
150 Third Ave. S., Suite 2800
Nashville, TN 37201
(615)742-6237

VW Likely to Face Criminal Penalties

Volkswagen is expected to face criminal and civil penalties for circumventing Clean Air Act standards, but prosecutors have not yet decided the specific criminal charges they might bring against the automaker, according to the Wall Street Journal. The paper reported today that the Justice Department is negotiating a settlement with the car maker but those familiar with the matter said there will be “significant” financial penalties. The Chattanooga Times Free Press has a summary of the article.

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