Judge 'Strongly Inclined' To OK $10B VW Diesel Deal
Law360, San Francisco (October 18, 2016, 9:29 PM EDT) -- A California federal judge said he's "strongly inclined" to grant final approval to a $10 billion deal with owners of Volkswagen diesel vehicles in multidistrict litigation over the company's emissions cheating scandal, in spite of objections during a hearing Tuesday, adding he'll issue his decision by Oct. 25.
U.S. District Court Judge Charles Breyer said he thought the deal was reasonable and the result of the "tireless efforts" of the parties and unusual expediency by the government agencies. The settlement, preliminarily approved in July, sets aside $10 billion for the 475,000 drivers who will receive compensation of up to $10,000 per vehicle...
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