Volkswagen, Department of Justice Seek to Consolidate TDI Lawsuits in Detroit
Multiple Suits to be Consolidated into Owner, Financial Tracks
By now, your Facebook news feed, email, or browser pop-up ads are probably littered with Volkswagen TDI-related lawsuit solicitations. By current estimations, there are over 350 suits filed in 40 states against Volkswagen. In order to prevent duplication and clogging the legal system with similar suits, the U.S. Department of Justice and Volkswagen are seeking to convene a panel in Detroit to consolidate the lawsuits in U.S. Federal Court, Reuters reports.
As part of the consolidation, cases will be grouped into two tracks: those brought by vehicle owners and those brought by financial institutions such as pension funds claiming loss of income from loss of value from Volkswagen’s American Depository Receipts (ADRs) in the U.S. stock market. Volkswagen’s wish is for both tracks to be overseen by one judge. However, if that request proves too burdensome, the company has said it would be satisfied with the financial track cases being adjudicated in Virginia within the Washington D.C. metropolitan area.
Volkswagen’s U.S. headquarters are located in Herndon, Virginia, approximately 25 miles west of Washington, D.C. Some of the attorneys representing the consumer class-action lawsuits are reportedly lobbying for the cases to be heard in California, where a large number of the cases have originated.