VW to set up emissions claims program for your lawsuits
Volkswagen announced on Thursday that it is establishing an independent claims program led by Ken Feinberg, the man that handled both the government’s payout efforts for 9/11 victims and Transocean’s compensation for people affected by the Deepwater Horizon spill. Feinberg “will develop an independent, fair and swift process,” according to the company, for resolving the more than 500 lawsuits that VW is currently facing. There’s no word, however, on when the program will officially launch. The company is also still waiting on approval for its proposed repairs from regulators.
Source: Reuters
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