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U.S. lawyers suing Volkswagen win $300M in fees, costs

Published 07/21/2017, 04:22 PM
© Reuters.  U.S. lawyers suing Volkswagen win $300M in fees, costs
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  • A federal judge approves $125M in fees and costs for lawyers who sued Volkswagen (DE:VOWG_p) (OTCPK:VLKAF, OTCPK:VLKAY) on behalf of U.S. owners of 88K 3.0-liter diesel vehicles over excess emissions.
  • The figure is in addition to $175M in fees and costs approved by the judge in March for a related 2.0-liter VW diesel settlement covering nearly 500K owners.
  • The judge praises the lawyers for achieving "extraordinary results," citing the generous buybacks and compensation offers as well as separate funds to offset excess emissions.
  • Now read: Volkswagen's Americas-Built SUV Offensive And Product Launch Plans 2017-2023


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