Economy
Saturday 02 April 2016
In the dispute over compensation payments for VW customers all signs point to a costly lawsuit. A prominent law firm is preparing the first actions before – the Group had allow a period for amicable settlement unused .
After a lapse of a 14-day deadline for talks on a friendly settlement Volkswagen controls according to a newspaper report on a costly legal battle with the US star attorney Michael Hausfeld to. VW have wasted the chance “to achieve rapid agreement with many customers outside of the courts,” said the governor of House box office in Germany, Christopher Rother, the “Sueddeutsche Zeitung”.
The group had therefore not respond to a spilled in the night of Friday ultimatum. Thus skidding a confrontation with the specialized class action law firm Washington closer, writes the SZ. House panel firm plan on behalf of the European VW customers already legal steps. “For the preparation of the first actions we will need half a year. In October or November, it could be so far,” Rother said the newspaper.
The firm wants to “make compensation directly at VW claims”. The claim of the customer can per vehicle will be five to ten percent of the purchase price. So it could go in Germany alone total billions values in the face affected by more than two million customers.
Other clients from Europe
The firm Hausfeld claims to represent high-profile clients in various fields, as it is said in the newspaper report. These included some operators of VW fleets that partially have or have had thousands of affected vehicles in inventory. In addition, the law firm representing claims to thousands of private VW owners. They wanted to start in the coming weeks a registration campaign on the Internet to win in Europe more clients in a big way.
So far VW is only to US users, customer compensation $ 1,000 (880 euros) numbers. German customers, however, will miss out with the compensation. In a new letter to VW CEO Matthias Müller, the firm Hausfeld shall now after again: “We deeply regret that you have decided … not to lead the debate with us,” the newspaper quoted from the letter of Hausfeld and Rother, where this also further information anforderten.
More about
Among the corporations Washington law Hausfeld applies loud SZ be extremely tough opponent. He specializes in class actions and both represent the forced laborers of the Nazi era, victims of oil spills and applicants against the tobacco industry and each fought for billions for the clients.
fines in the billions?
Volkswagen had given in September by US investigation to have used in around eleven million diesel vehicles a software that pushes the value measured in the emission tests artificially. In Germany, about 2.4 million vehicles are affected, in the US nearly 600,000. In the US, the German carmaker sees because of the affair with hundreds already complaints in the USA faced, including car owners and dealers. Even the US Department of Justice had already in January sued on behalf of the EPA against the company.
Volkswagen threaten penalties and damages in the tens of billions. The company is seeking an out of court settlement with the plaintiffs in order to limit the financial burden as far as possible.
Source: n-tv.de
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