SF Judge Approves $1.2B VW Settlement
Plaintiffs lawyers led by Lieff Cabraser's Elizabeth Cabraser intend to seek roughly 15 percent of the settlement fund, or $180 million.
May 11, 2017 at 02:37 PM
3 minute read
SAN FRANCISCO — A federal judge has signed off on a $1.2 billion deal to settle the last of the consumer claims against Volkswagen AG over its diesel emissions scandal.
U.S. District Judge Charles Breyer on Thursday approved the agreement, which settles claims by consumers and the Federal Trade Commission over nearly 90,000 3.0-liter diesel engine vehicles. Also on Thursday, Breyer approved related deals that VW reached with the U.S. Environmental Protection Agency and the California Air Resources Board as well as a $327.5 million settlement between consumers and Robert Bosch GmbH, which provided components for both the 2.0-liter and 3.0 diesel cars. Breyer previously signed off on a similar $14.7 billion settlement to resolve consumer claims involving 475,000 2.0-liter diesel vehicles in October.
Breyer approved the settlements from the bench at the end of a nearly three-hour hearing Thursday morning where four objectors raised concerns. One aspect targeted by objectors is that, unlike the earlier deal involving the 2.0-liter vehicles, owners of 3.0-liter vehicles have no option to sell their vehicles back to VW. Despite the objections, Breyer said that he found the deals “fair, adequate and reasonable” and that he would lay out his reasoning in a written order that will be issued in the coming week.
This content has been archived.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
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllPharmacies Accuse GoodRx of 'Inviting Price-Fixing' in Series of Antitrust Class Actions
4 minute read'No Evidence'?: Big Law Firms Defend Academic Publishers in EDNY Antitrust Case
3 minute readOld Laws, New Tricks: Lawyers Using Patchwork of Creative Legal Theories to Target New Tech
Trending Stories
- 1How I Made Office Managing Partner: 'When the Firm Needs Something Done, Raise Your Hand,' Says Eric Kennedy of Buchalter
- 2People in the News—Nov. 15, 2024—Lamb McErlane, Faye Riva, Stradley Ronon
- 3'A Template' for Religious Accommodation: Attorney Gives Insight to $12M Win Over Employer's COVID-19 Vaccination Policies
- 4Federal Judge Finds Neiman Marcus Liable in Personal Injury Suit for Unsecured 13-Pound Painting
- 5The New Hybrid Legal Professional: Equal Parts Law and Business
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250