Volkswagen's $1.6B Dealership Settlement Gets Final OK

Law360, San Francisco (January 23, 2017, 8:06 PM EST) -- A California federal judge on Monday approved a settlement valued at more than $1.6 billion that resolves lawsuits filed by Volkswagen AG franchise dealerships in the wake of the carmaker's 2015 diesel emissions scandal.

Under the deal, Volkswagen agreed to pay 652 dealerships $1.208 billion in cash to resolve claims against it, and it agreed to continue providing those dealerships with multiple incentives and support payments that are collectively valued at approximately $442 million. U.S. District Judge Charles R. Breyer approved the deal, saying it was...
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