Former U.S. deputy attorney general to be named Volkswagen monitor - source | Reuters
WASHINGTON The U.S. Justice Department is expected to name a former deputy attorney general under President George W
WASHINGTON The U.S. Justice Department is expected to name a former deputy attorney general under President George W. Bush to serve as independent monitor of Volkswagen AG (VOWG_p.DE) as part of a plea agreement over the automaker's diesel emissions scandal, a source briefed on the matter said Wednesday.
Larry Thompson, a lawyer at Finch McCranie LLP who served as U.S. deputy attorney general from 2001-2003, is expected to be tapped to oversee the world's largest automaker for three years. Under a plea agreement announced in January, VW must make reforms and faces oversight by a monitor for three years. The automaker is set to be sentenced to three years of probation on Friday by a federal judge in Detroit.
Thompson and the Justice Department did not immediately respond to requests for comment. (Reporting by David Shepardson; Editing by Lisa Shumaker)
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