A University of Georgia School of Law professor is overseeing compliance reforms by Volkswagen AG, following the global automaker’s recent sentencing in a criminal case arising out of its fuel emissions tests.
The professor is Larry D. Thompson, holder of the John A. Sibley Chair of Corporate and Business Law and a member of the law school’s Dean Rusk International Law Center Council, teaches Corporate Responsibility, White Collar Crime Business Crimes. He is also Counsel at Finch McCranie LLP in Atlanta. His distinguished career includes service as Deputy Attorney General of the United States, as U.S. Attorney for the Northern District of Georgia, and as General Counsel of PepsiCo.
Thompson was named Independent Compliance Monitor in the VW matter in April, pursuant to a settlement by which a U.S. District Court judge in Detroit accepted VW’s plea to three felony counts: conspiracy to defraud the United States by engaging in wire fraud and violating the Clean Air Act; obstruction of justice; and importing merchandise via false statements. VW agreed to a fine exceeding $4 billion, and also to oversight by the Independent Compliance Monitor.
At the time, the company issued the following statement, by Hiltrud Werner, Board Member of Integrity and Legal Affairs, from its headquarters in Wolfsburg, Germany:
“Volkswagen welcomes the appointment of Larry D. Thompson to this new position, and we intend to cooperate fully with his important work.”
Since then, Thompson has assembled the team of lawyers he will lead in this work.