Lawyers in VW Diesel Emissions Case Seek Additional Fees
Lawyers who sued Volkswagen over its diesel emissions scandal could end up with a pretty good return on their investment: After being awarded $175 million in fees and costs, they are asking for an additional $125 million – and it appears there's a good chance they'll get it.
July 06, 2017 at 03:31 PM
8 minute read
Lawyers who sued Volkswagen over its diesel emissions scandal could end up with a pretty good return on their investment: After being awarded $175 million in fees and costs, they are asking for an additional $125 million—and it appears there's a good chance they'll get it.
That means a total of nearly $350 million in fees and costs could end up going to the 22 law firms leading the emissions litigation. The case lasted about a year, mostly in settlement negotiations.
The fees already awarded were related to a $14.7 billion settlement that resolved class actions by consumers of 475,000 vehicles alleging their 2.0-liter diesel engines were rigged to cheat emissions tests. The latest request ties to a $1.2 billion settlement involving over 75,000 vehicles with 3.0-liter diesel engines.
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