Volkswagen Litigation Case Update:
In the transcript of the May 24, 2016 status conference, the Court notes that there has been “substantial progress” toward a settlement for owners and lessees of the 2-liter vehicles. Judge Breyer reported that the parties are “on track to meet the Court’s deadline” of June 21 to submit details of that settlement to the Court and public.
The Court has scheduled a Hearing regarding whether the Court should grant preliminary approval of the settlement on July 26, 2016 at 8 a.m. in San Francisco.
The Court also noted that “[e]ngineering studies and testing for the [3-liter-engine cars] are ongoing, and the parties are moving as quickly as possible to resolve these issues. I have been assured that the parties are working diligently on resolving the 3-liter-engine cars’ issues.”