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CIVIL PROCEDURE - Parties - Class or representative actions - Settlements

Monday, October 02, 2017 @ 8:42 AM  

Motion by certain plaintiffs in a class action against Volkswagen (VW) for a declaration that VW had failed to meet the June 15, 2017 deadline for obtaining an Approved Emissions Modification (AEM) for their Generation 2 automatic transmission vehicles, triggering a clause in the Volkswagen Diesel 2.0 Litre Settlement Agreement (settlement agreement) entitling the plaintiffs to benefit from a loan forgiveness clause in exercising a buyback option for their VW vehicles. The settlement agreement provided VW vehicle owners with a damages payment and the option to...