Medical pot advocates say it may be a good thing.
It is now apparent that Volkswagen appears to have significant legal troubles. Internet and news reports indicate the state of New Jersey has sued Volkswagen for selling vehicles with the inappropriate engines. It appears the state of New Jersey has put a bid out the law firms to represent the state in pursuing Volkswagen to recoup various costs, presumably environmental costs. New Jersey is not the only state to have filed a lawsuit against Volkswagen as numerous other states have done the same thing. In addition, class actions have been filed against Volkswagen and have been designated multi district litigation or MDL. What this means is that all the Volkswagen lawsuits from around the country, each and every case, will be transferred, consolidated into this one federal court action which appears to be pending in California.
Volkswagen has admitted equipping cars with software that let them cheat on diesel emissions tests in the U.S. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles.
So not only does Volkswagen have the various lawsuits from the very states but they have been subject to numerous class actions which have been consolidated. It appears as though the only question is going to be when Volkswagen can no longer stand the pressure. One must assume that the financial pressure on Volkswagen is significant in light of the investigation and the lawsuits from the states and the amount of money that they are potentially seeking in compensation for the alleged and admitted corporate fraud. Pursuant to the link attached hereto, Volkswagen has admitted the corporate fraud and is working with the very states including California to repair the vehicles or make sure that the vehicles comply with the various states law including California’s law on omissions. Continue reading ›