Owners of VW, Audi and Skoda vehicles in Australia will have access to a minimum of AU$87 million in compensation (and possibly as much as AU$127 million) following settlement of a class action arising from the emissions scandal. Legal costs will be paid on top of the compensation, though VW makes no admission of liability.
Showing posts with label class action. Show all posts
Showing posts with label class action. Show all posts
Monday, 16 September 2019
Wednesday, 29 March 2017
USA: class action for disappointed Shelby Mustang owners
Consumer law firm Hagens Berman is putting together a class action for disappointed customers for Ford's Shelby GT350 Mustang (2016 model), which far from being the exciting track car that Ford advertised is said to suffer from overheating problems. Sustained high-speed driving (which is what a track car is supposed to be for) is more than the transmission and diff can cope with, and the car goes into "limp mode" to prevent damage. Limping is, I guess, the antithesis of what you buy a track car for.
The problem can also arise when the cars are driven on the road. It stems, the law firm contends, from the absence of coolers for those parts of the drive train. Base and Tech models are affected.
Hagens Berman's page about the claim is here.
The problem can also arise when the cars are driven on the road. It stems, the law firm contends, from the absence of coolers for those parts of the drive train. Base and Tech models are affected.
Hagens Berman's page about the claim is here.
Tuesday, 9 August 2016
German court short-cuts VW investor claims
The Landgericht (regional court) in Braunschweig (or Brunswick, as we know it) is using a class-action style approach to deal with the claims of numerous VW investors relating to misrepresentations of capital markets data, according to its press release (in German). It will select one case as a model for some 170 other similar claims, most of them from private investors. The largest case, filed by lawyer Andreas Tilp, includes the claims of 277 institutional investors and is worth €3.26 billion.
The selected representative plaintiff will be named in the final quarter of the year. Model proceedings of this sort - the closest the German system has to US class actions - can resolve generic or common issues, but unlike American cases cannot deal with individual claims. The priocedure was introduced in 2005 following a case involving Deutsche Telekom which was the subject of thousands of claims over prospectus fraud.
The selected representative plaintiff will be named in the final quarter of the year. Model proceedings of this sort - the closest the German system has to US class actions - can resolve generic or common issues, but unlike American cases cannot deal with individual claims. The priocedure was introduced in 2005 following a case involving Deutsche Telekom which was the subject of thousands of claims over prospectus fraud.
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