Not Everyone is Happy with the $14.7 Billion Volkswagen Settlement

Bloomberg BNA reports on CEI's Center for Class Action Fairness's objection to the Volkswagen emissions settlement. 

In August, the attorneys who represented the class of Volkswagen consumers told the court they intend to seek up to $324 million in fees from Volkswagen, which would be paid out on top of the $14.7 billion.

The size of the likely fee request drew criticism from a number of parties, including the Competitive Enterprise Institute’s Center for Class Action Fairness and numerous VW owners. One Volkswagen customer noted that the attorneys’ court filing makes “no reference at all” to how much work was actually done, who performed it and how much work was performed by Justice Department attorneys.

Read the full article at Bloomberg BNA.