fbpx

In a huge win for consumers, the 9th Circuit. in Lusnak v. Bank of America ruled that the National Banking Act does not preempt California’s state escrow interest law, and consequently these banks are required to pay interest on impound accounts. What Does That Mean For Consumers? If your mortgage provider, or servicer, is impounding…

Click here to view the Court’s Order Granting States’ Motions to Remand

Click here to download a PDF copy of the Bosch Settlement Claim Form.

Law360, Los Angeles (May 24, 2017, 10:36 PM EDT) — A Volkswagen AG executive accused of aiding in the conspiracy to cover up the diesel emissions test scandal will remain in pretrial detention after a Sixth Circuit panel on Wednesday denied his bid to overturn a lower court decision that ruled him a flight risk….

Today—Tuesday, July 26th—is the court hearing for Volkswagen Group’s preliminary approval of their proposed 2.0L TDI owner settlement (Update: It was approved). In case you haven’t seen the details of the Partial Consent Decree that went public June 28th, it provided buy-back prices for the roughly 470,000 “Clean Diesel” 2.0L TDI powered Volkswagens and Audis…

Volkswagen AG announced Tuesday it will slash investment by 1 billion euros ($1.1 billion) a year, in the wake of a massive emissions cheating scandal. The move comes amid continuing criticism of the German carmaker for its handling of the scandal that has affected nearly 11 million cars worldwide and has thrown the company into its…

A German court said that 70 lawsuits from Volkswagen investors have been filed. The latest, and the biggest so far, was brought Monday by 278 Volkswagen (VLKPY) investors from around the world, including California pension fund CalPers. They seek 3.25 billion euros ($3.6 billion) for losses they say they suffered as a result of the…

By Aebra Coe Law360, New York (March 15, 2016, 12:52 PM ET) — Volkswagen AG has been hit with a $3.6 billion lawsuit in Germany in which nearly 300 institutional investors from across the globe accuse the automaker of breaching its duty to the capital markets participants with regard to its emissions scandal, counsel for…