Baltimore Car Accident Lawyers: Volkswagen Settlement Case ReachedOctober 26, 2016
Volkswagen settlement case was reached. In a landmark victory and one of the largest involving a car manufacturer, Volkswagen must pay $14.7 billion to compensate for the diesel emissions scandal they perpetrated in September 2015. Volkswagen will use $10 billion to buy back faulty vehicles while the remaining $4.7 billion will fund plans to reduce excess emissions and promote clean-vehicle projects.
When the public discovered that Volkswagen installed secret software in their diesel cars so that emissions would appear cleaner during testing, the U.S. Justice Department, Federal Trade Commission, State of California and numerous owners filed a class action lawsuit against the company. This suit tainted their reputation and led to the ousting of their CEO before the Volkswagen settlement case was even reached.
Although Volkswagen admitted to installing the diesel emissions device, a criminal investigation is still underway. Sixteen other states are filing lawsuits against them, too. If they do not offer to fix or buy back the cars, they will receive additional fines. Almost 400,000 owners are slated to participate in the Volkswagen settlement case and have until September 2018 to register for the repair and buy-back program. Volkswagen hired 900 extra people to accommodate the expected buy-backs at their dealerships.
As one of the largest corporate settlements ever recorded, the Volkswagen settlement case sets a precedent for other car manufacturers. If you or a loved one bought a faulty vehicle, our Maryland car accident lawyers at LeViness, Tolzman & Hamilton will assist you in receiving compensation. Contact us online or call us at 800-547-4LAW (4529) for a free consultation.
Our offices are located in Baltimore, Columbia, Glen Burnie, and Towson, allowing us to represent victims of medical malpractice throughout Maryland, including those in Anne Arundel County, Carroll County, Harford County, Howard County, Montgomery County, Maryland’s Western Counties, Southern Maryland, and the Eastern Shore, as well as the communities of Catonsville, Essex, Halethorpe, Middle River, Rosedale, Gwynn Oak, Brooklandville, Dundalk, Pikesville, Parkville, Nottingham, Windsor Mill, Lutherville, Timonium, Sparrows Point, Ridgewood, and Elkridge.