Volkswagen is up to it again. The company is trying to get a deal approved where it would buy back vehicles at current Kelly Blue Book Value — which reflects the reduced value of the vehicle in its current condition. Additionally, although this is being kept secret, it is being widely reported that they are offering only $5,000 in compensation.
It is for these very reasons Barnes Trial Group recommends to all its clients to avoid the class action case, avoid the current proposed Volkswagen buy back, pursue individual claims and keep control of your personal decision making.
Volkswagen was caught installing defeat devices on VW, Porsche and Audi brand vehicles. The affected 2.0 litre vehicles inlcude the VW Jetta, Beetle, & Golf from 2009 through 2015, the Passat from 2014 through 2015, and the Audi A3, model years 2009-2015. The affected 3.0 litre vehicles include 2014 Toureg, 2015 Porsche Cayene, 2016 Audi A6 Quattro, A8, A8L & Q5.
Despite the significant depreciation in the value of the cars due to the VW fraud, the loss of fuel efficiency and incredible pollution emmitted by the vehicles, it is being reported VW is tryign to escape by paying only $5,000 in compensation.
Thankfully, if you avoid the current proposed Volkswagen buy back, Florida law and individual consumer claims that avoid the class action can fully compensate the vehicle owners. Those are the claims being purused by the Barnes Trial Group. The Florida Unfair Trade Practices Act & Florida’s RICO statute provide for triple damages to be awarded in instances of fraud of the type commited by Volkswagen. Additionally, the statutes require the fraudulent company, not the consumer, to pay the attorney fees and costs inurred in making the recovery.
Volkswagen has already set aside nearly $8 billion dollars for these claims. Barnes Trial Group believes Volkswagen’s total exposure and set aside money could reach as high as $16 or $17 billion. We are vigorously pursuing individual claims and lawsuits to ensure our clients receive their fair share of this fund. Just as important, pursuing an individual claim and avoiding the class action gives our clients the freedom to make their own individual and personal decision on how they want their claim handled.