More than a dozen objectors have urged a federal judge to reject Volkswagen’s $14.7 billion emissions settlement next month — most of them criticizing a potential figure of $324 million — the number which lead plaintiffs attorneys signaled as the cap on their fee request.
The settlement, to which U.S. District Judge Charles Breyer must give final approval on Oct. 18, requires Volkswagen to provide $10 billion to owners and lessees of about 475,000 diesel vehicles that were built with a device installed to cheat emissions tests. The settlement includes a $2.7 billion fund for environmental remediation projects and $2 billion in zero-emissions technology investments.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
