Volkswagen to Pay Out EUR620 Million in Emissions Class Action, Extends Application Date
April 20 2020 - 5:12AM
Dow Jones News
By Jessica Sier
Volkswagen AG has paid out 200,000 settlements, worth 620
million euros ($673.86 million), to compensate those participating
in a German class-action suit relating to its diesel emissions
scandal.
The German car maker still has 21,000 cases remaining and has
pushed back its cutoff date for applications and documents to April
30 because of high volumes, it said on Friday.
The diesel customers are represented by VZBV, a consumer
advocacy group that initiated the suit, and will each receive
between EUR1,350 and EUR6,250 from May 5.
In February, Volkswagen agreed to a total negotiated settlement
of EUR830 million for VZBV clients.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
April 20, 2020 04:57 ET (08:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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