Produced by: bloomberg.com
October 26, 2016
Volkswagen AG and drivers suing the company in the U.S. over its diesel-cheating scandal won final approval of their $14.7 billion settlement to resolve what’s likely to be the largest portion of VW’s civil liability worldwide.
“VW got itself in a lot of trouble on both sides of the Atlantic, basically lying to a host of governmental regulators, its ultimate customers and its many dealers in between,” said Anthony Sabino, a law professor at St. John’s University in New York and an expert on complex litigation. “They’re not getting off cheap, but they’re stopping the bleeding.”
Related News
Insurance Industry Leaders Convene at St. John’s for Inaugural IWIN Education Series
On April 13, 2026, St. John’s University hosted the inaugural IWIN Education Series at its Manhattan campus, bringing together senior leaders from across the insurance and asset management industry...
Annual Business Plan Competition Showcases Student Ingenuity
A subscription-based platform designed to streamline commercial production for small businesses; an “academic hospitality” concept blending culturally authentic dining with late-night study space; and...
Tobin Center for Executive Education Partners with Conser to Bring Global Insurance Expertise to Latin America
St. John’s University’s Tobin Center for Executive Education is expanding its global reach through a new partnership with Conser (Consultores de Servicios Ltda.), a La Paz–based professional services...