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U.S. appeals court upholds Volkswagen's $10 billion diesel settlement

Reuters  |  WASHINGTON 

By David ShepardsonWASHINGTON (Reuters) - A federal appeals court on Monday upheld Volkswagen's $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016.The three-judge panel of the U.S. 9th Circuit Court of Appeals said, in dismissing a number of objections to the settlement, that it "delivered tangible, substantial benefits to class members, seemingly the equivalent of - or superior to -those obtainable after successful litigation, and was arrived at after a momentous effort."In total, Volkswagen AG has agreed to pay more than $25 billion in ...

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First Published: Mon, July 09 2018. 21:44 IST