United States:
Volkswagen Settles "Clean Diesel" Charges To The Tune Of $14.7 Billion
16 August 2016
Kramer Levin Naftalis & Frankel LLP
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FTC v. Volkswagen Group of America, Inc., No.
3:16-cv-1534 (N.D. Cal.)
In the highly publicized scandal concerning "defeat
devices" on certain Volkswagen (VW) diesel vehicles, VW
settled environmental charges brought by the United States and the
state of California. It also settled charges with the FTC over the
advertising campaign VW used to promote its supposedly "clean
diesel" VWs and Audis; the FTC charged that the campaign
falsely claimed the cars were low-emission and environmentally
friendly, met emissions standards, and would maintain a high resale
value. VW will be offering a buyback program to consumers, and
under the FTC order, consumers will receive additional compensation
from Volkswagen for the harm caused by VW's deceptive
advertising. View the decision.
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