TBA Law Blog


Posted by: Stacey Shrader Joslin on Oct 26, 2016

A federal judge has approved one of the largest consumer settlements in U.S. history, a nearly $15 billion deal that sets in motion a massive vehicle buyback program and environmental remediation effort. According to the Tennessean, U.S. District Court Judge Charles Breyer approved the sweeping agreement between consumers, the government, California regulators and the German automaker Volkswagen. The settlement comes about a year after the company admitted rigging 11 million vehicles worldwide with software designed to evade emissions standards. The company is still facing investigations by the U.S. Justice Department and German prosecutors, which could lead to additional financial penalties and criminal indictments. Those impacted can visit VWCourtSettlement.com for more information.