Jump to content
Create New...
  • William Maley
    William Maley

    As the Diesel Emits: Volkswagen Brings In Kenneth Fineberg To Work On A Claims Program

      From One Automaker to Another, Kenneth Feinberg is Tapped By Volkswagen To Help In Their Diesel Emission Scandal


    Kenneth Fineberg finds himself helping out another automaker in crisis. Volkswagen announced yesterday they have brought in Fienberg to work on and oversee a new claims program for owners of Volkswagen models involved in the diesel emission scandal.

     

    “We are pleased to announce the retention of Kenneth Feinberg. His extensive experience in handling such complex matters will help to guide us as we move forward to make things right with our customers,” said Michael Horn, President and CEO, Volkswagen Group of America in a statement.

     

    Automobile Magazine was on a conference call with Feinberg to discuss his involvement and plans. Fineberg made it clear this was going to be a tough task as he'll have to figure out what is a legitimate claim and what is the appropriate remedy for those who apply in the program.

     

    "The issues are always the same: Who's eligible to file a claim? What is the remedy? What are the proof requirements when somebody commits a claim?" said Feinberg.

     

    "What is an appropriate remedy that would give the car owner total peace. And that is a very, very challenging question which we certainly can't answer yet."

     

    Feinberg said on the call he expects as many as 500,000 potential claimants in the U.S. The hope for this program is to consolidate the number of lawsuits against Volkswagen. At the moment, there are more 500 lawsuits against Volkswagen that are related to the diesel emission scandal.

     

    Feinberg didn't give a timeline as to when we could see a claims program go live.

     

    "This is going to take some time. But we'll begin as soon as possible," said Feinberg.

     

    Before being brought in by Volkswagen, Feinberg was the administrator for General Motors' ignition switch compensation fund for victims and family of victims. Under his watch, the fund determined that 124 people were killed by the ignition switch turning off unexpectedly and causing the car to lose power. The fund also determined that 275 people were injuried because it.

     

    Source: Automobile Magazine, Volkswagen

     

    Press Release is on Page 2


     

    Volkswagen Announces Engagement of Kenneth R. Feinberg to Design and Administer a Claims Program Related to the TDI Emissions Compliance Issue

     

    Herndon, VA (December 17, 2015) Volkswagen announced today that it has retained attorney Kenneth R. Feinberg, managing partner of The Law Offices of Kenneth R. Feinberg, PC, to design and administer an independent claims resolution program to address claims related to the 2.0L and 3.0L TDI vehicles affected by the emissions compliance issue. Volkswagen believes Mr. Feinberg will develop an independent, fair and swift process for resolving these claims.

     

    “We are pleased to announce the retention of Kenneth Feinberg. His extensive experience in handling such complex matters will help to guide us as we move forward to make things right with our customers,” said Michael Horn, President and CEO, Volkswagen Group of America.

     

    Mr. Feinberg stated that he will “commence work immediately designing an independent claims process that will meet claimants’ needs.” He added that “we hope to have a claims program designed as expeditiously as possible. In order to do so, we will need the input not only of Volkswagen, but also vehicle owners, their lawyers, and other interested parties.”

     

    Mr. Feinberg is a well-respected attorney with extensive experience managing high-profile issues and many of the nation’s most challenging legal matters. He was appointed to two presidential commissions by Presidents Reagan and Clinton and administered several other significant programs. More information on Kenneth Feinberg can be found at http://feinberglawoffices.com/

     

    Volkswagen continues to fully cooperate with the U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) as the Company works to develop approved remedies for the affected TDI vehicles as quickly as possible. As the claims program is developed, Mr. Feinberg will consult these agencies for their input.

     

    For more information regarding the Volkswagen TDI emissions compliance issue, please visit www.vwdieselinfo.com

    User Feedback

    Recommended Comments



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Definitely need this as 300 hp in aa 5,000 lb car or whatever these weigh is adequate but not a lot.  I imagine it is easy to go to the Lyriq's 500 hp motors, swap in some better brakes and beef up the suspension a bit.   They should V-series all Cadillacs, especially if selling in China where they have all these 1,000 hp or 1,500 hp cars.
    • This thing is huge, I don't know why it is so big.  Unless they plan to kill off the LS, which they say they are not doing. The interior looks too sparse and boring.  Good that they did hybrid and full EV.   Looks too much like the Camry, and the moldings on the doors look weird.  I am so sick of plastic moldings tacked on doors, why can't car companies just make a metal door without cladding and molding all over it like a 1990s Pontiac.
    • Eron started out as a Legit business, a merger between Houston Natural Gas and InterNorth but then changed under CEO Kenneth Lay into energy trading and utilities, and I agree with you that they did commit fraud on many levels, but the review by the SEC showed that the last few years just before the collapse was when this all happened. So, two companies wanting to become bigger, merge, continue to have success and then move into other areas of possible growth, but due to incompetence by the executives on risky trading and other areas started to inflate profits to hide the trading losses.  The CEO was like a Gambling addict who wanted more and more and yet as he lost, he figured he could hide it till he struck it big and then right side out the company. Sadly, at the expense of so many people he destroyed the company and many employees and investors savings. I have NOTHING against the Technology or the people at Tesla who created very solid Motors, Controller boards and battery packs. My issue is with the person who bought himself a CEO position and the constant lies even now at the quarterly report on what Tesla will deliver. He now hides things, and I suspect the use of AI, Robots, FSD, Robotaxi, etc. are all used to conceal the shaky nature of Tesla. I do suspect Tesla is playing a house of cards and is not as secure as they tend to present. IMHO
    • That is not what Enron was doing. I think you need a refresher on what happened at Enron. Enron committed legitimate fraud to their shareholders in conjuncture with their accounting firm. There have also been MANY regulatory changes because of Enron's fraud. This lead to more checks and balances along with the most notably change in accounting, the Sarbanes-Oxley Act. Look that up and why it came about.  I know you don't like Tesla nor the CEO, but I don't think they are committing fraud. 
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search