HALISTER: VW Diesel-Cheating Settlement Wins Judge’s Final Approval

VW Diesel-Cheating Settlement Wins Judge’s Final Approval

(Bloomberg) -- Volkswagen AG won final approval of $1.225 billion settlement of lawsuits filed by drivers of premium Audis, VWs and Porsches over the company’s diesel-cheating scandal.
  • U.S. District Judge Charles Breyer in San Francisco Wednesday signed off on the accord, which requires VW to compensate owners of 3-liter diesel engine vehicles, fix about 58,000 cars and buy back as many as 20,000 Touareg and Audi Q7 sport-utility vehicles.
  • VW admitted in September 2015 that about 11 million diesel cars worldwide were outfitted with so-called defeat devices, embedded algorithms used to game emissions tests
  • The Federal Trade Commission will monitor VW’s compliance with the settlement. The automaker agreed last month in a separate case to pay a $4.3 billion penalty for misleading U.S. regulators and customers
The case is In Re: Volkswagen “Clean Diesel” Marketing, Sales Practices and Products Liability Litigation, 15-02672, U.S. District Court, Northern District of California (San Francisco).

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VOW GR (Volkswagen AG)
1070L US (United States District Court for the Northern District of New York)

People
Charles Breyer ((US)Dist Court:CA-Northern)

Topics
Civil Procedure

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