Legal representatives for Volkswagen AG automobile owners will look for as much as $332.5 million in fees and costs for their work in a $10 billion settlement over emissions scandal, as per court filing.
The filing late in a federal court in California stated Volkswagen and the plaintiffs’ lawyers have not yet concurred on just how much the lawyers will be paid. Volkswagen has actually accepted pay sensible expenses and charges in connection with the settlement declared in June, which covers automobiles with 2.0-liter engines.
In the filing, the lawyers stated they will ask for no greater than $324 million in costs and as much as $8.5 million to cover other expenses for a total of $332.5 million. Lead legal representative Elizabeth Cabraser stated the amount was far less than the “judicially established standard” for class actions of approximately 25 percent of the settlement amount.
She stated that different reports had presumed that attorneys’ costs could be as high as $3.5 billion.
A final request will require approval from the judge managing the lawsuits. Costs will be paid independently by Volkswagen, and not subtracted from the settlement fund, as per court filings.