Profile image
By Competitive Enterprise Institute (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Federal judge approves $14.7 billion settlement in Volkswagen emissions class actions

Friday, October 28, 2016 12:33
% of readers think this story is Fact. Add your two cents.

Legal Newsline discusses Center for Class Action Fairness’s reaction to the Volkswagen class action settlement ruling. 

The Competitive Enterprise Institute’s Center for Class Action Fairness called it “disappointing.”

The Washington, D.C.-based public-interest law firm, which represents class members against unfair class action procedures and settlements, argues the agreement provides zero marginal benefit for the class.

“This $10 billion settlement is a bad deal for consumers — the actual value to consumers will be far less than that and would have been available to consumers even without this class action settlement,” said CEI attorney Anna St. John, who argued against the settlement approval before the court in San Francisco last week. “What’s worse is how inadequately the plaintiffs’ attorneys represented their clients in this case.

“Class counsel violated their fiduciary duty by misinforming and ultimately duping 475,000 class members into a settlement that will potentially pay their attorneys hundreds of millions of dollars for providing them next to nothing. These dollars should be going to the class, but instead, the lawyers’ decision to structure the settlement with self-dealing gimmicks may have cost Volkswagen owners more than a billion dollars.”

St. John put down Breyer’s adoption of class counsel’s claim that the attorneys’ fees will not diminish the benefits award to class members under the settlement.

“Volkswagen is an economic actor with rational expectations, and the expected excessive attorney-fee request was baked into its reservation price and adversely affected what consumers received,” she said.

Read the full article at Legal NewsLine.

Thursday, October 27, 2016
Anna St. John
Publication Type: 


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.