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tv   Business  Deutsche Welle  March 16, 2019 2:02am-2:04am CET

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investigators are now looking at the flight recorders from last weekend's ethiopian airlines crash boeing meanwhile promises to update software for the seven thirty seven max in the coming days the american firm could face litigation in the u.s. being bigger payouts to victims' families. also on the show chinese lawmakers rubber stamp new legislation this supposed to help foreign companies hold onto their intellectual property beijing hopes it will appease donald trump we'll tell you what businesses think about it. i'm stephen beers in berlin thanks for joining us u.s. regulators have sued german car manufacturer of both swag and its former c.e.o. martin winterkorn on allegations they defrauded investors the securities exchange commission says the company made false and misleading statements to investors during the diesel emissions scandal while securing billions in new funding the
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company has already paid over twenty five billion dollars in fines and settlements in the us martin winterkorn has also admitted the company committed fraud however he continues to deny any personal wrongdoing. and let's talk now to our financial correspondent in new york jose luis to hot oh jose did both so i can see this coming and what's been the response so far. it should not come as a surprise that stephenson said the company already warned him best to rescind its annual report it was under investigation by the sea but it's also worth noting a debt of previous a complaint in u.s. courts by investors making similar arguments as the as he does was dismissed said experts say that any potential cost related to these charges should not be huge when you compare it to the billions of dollars the company has paid so far as you mention. considers they complain fraud and it will contain these charges it depends on these securities were sold only to sophisticated investors who were not harmed
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and that received payments of interest and principal in full and on time.

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