UPDATE 1-VW diesel suits hearing may give clues on settlement progress – Reuters

(Includes Volkswagen comment on litigation)

By David Shepardson

Feb 24 A U.S. federal judge will
hold a hearing Thursday that might supply the very first details on any
progression in settling over 500 lawsuits filed versus Volkswagen
AG, a best supplier and numerous current and former best executives
over excess emissions in 580,000 U.S. bdiesel vehicles.

Late Monday, lawyers representing owners filed a
consolidated 719-page complaint versus VW, supplier Robert
Bosch GMBH, which helped make emissions controls, along with
VW’s current and former CEOs and various other executives, accusing them
of racketeering, mail and wire fraud, among various other misconduct.
The plaintiffs are asking that VW be ordered to get back
vehicles that don’t fulfill emissions standards, and pay
“significant” damages.

The matches have actually been consolidated prior to U.S. District Judge
Charles Breyer in San Francisco. Lawyers for VW, the Justice
Department and owners strategy to update Breyer on the “settlement
process” Thursday.

Breyer named former FBI director Robert Mueller to help
reach a settlement.

VW spokeswoman Jeannine Ginivan said the business hopes to
willpower the lawsuits.

“We sustain Judge Breyer’s efforts, functioning through Director
Mueller, to delivering regarding a prompt and reasonable resolution of the
civil litigation” she said. “We are likewise dedicated to resolving
the U.S. regulatory investigation once possible, as we
concentrate on rebuilding trust.”

VW has actually accepted to the U.S. Environmental Protection Agency
and California Air Sources Board it installed software that
allowed diesel vehicles to emit up to 40 times legally allowable
pollution in actual globe driving, however passed emissions tests.

California and the EPA have actually declined to talk regarding the
ongoing settlement talks. Ginivan said VW is “cooperating with
the agencies.”

VW faces litigation filed by owners, including some that want
VW to buyback vehicles, and auto dealers. VW has actually said it is
curious about buybacks.

“This case arises from among the the majority of brazen corporate
crimes in history, a cautionary tale regarding winning at any type of cost,”
the complaint said.

The U.S. Justice Department launched a criminal
investigation in to VW’s cheating and in January sued VW for up
to $46 billion for allegedly violating environmental laws. The
states of Brand-new Jersey, Texas, Brand-new Mexico and West Virginia have
likewise sued VW.

VW named lawyer Ken Feinberg in December to “make an
independent, reasonable and swift procedure for resolving these claims.”
however a lot more compared to 2 months later, Feinberg hasn’t announced any
routine yet.

(Reporting by David Shepardson; Editing by Andrew Hay)

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