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USA : First information about the class-action settlement

The settlement that could end the legal battle engaged in the United States against the Volkswagen group will be submitted to U.S. District Judge Charles Breyer no later than Tuesday June 28th.

In the night of the 23rd of June, American business website Bloomberg published some revelations that could really make European Volkswagen victims more optimistic. Indeed, according to some people familiar with the talks the total amount of the settlement would reach 10 billion dollars, a gigantic sum that still has to be accepted by Judge Breyer.

Individual compensations would go as high as $7,000, depending on the vehicle and its age. Better, in addition to this compensation, consumers would have the right to either:

  • Getting their car fixed with the new non-cheating software – despite the fact that some experts have strongly advised against this replacement (see here)

  • Getting their car bought back by Volkswagen. However we’re still waiting for the publication of the settlement to be sure which vehicles are concerned by this possibility.

These positive news will be made public and official on Tuesday if the settlement is accepted by the judge, which is likely. If it is, it will constitute an excellent reference and a central element in the forthcoming negotiations that will shortly be taking place in Europe.

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