Court Updates

50 States, DC, Puerto Rico, and 29 Indian Tribes Receive Beneficiary Designation for VW Settlement

Two filings on January 29th confirm that 50 states, the District of Columbia, Puerto Rico, and 29 Indian Tribes have received beneficiary designation under the Volkswagen Environmental Mitigation Trust. Beneficiaries can now submit mitigation plans within 30 days of their first funding request. Read the Filing for 50 States, DC, and Puerto Rico [...]

By |2018-02-01T16:24:44-05:00January 31st, 2018|

Trust Effective Date is set (October 2, 2017)

The State and Tribe Trust Agreements have been executed by the settling parties and filed with the court. As a result of this filing, the Trust Effective Date has been set to today, October 2, 2017. The Trust Effective Date kicks off the timeline here. The court approved the Trust Agreements back on September 19th [...]

By |2017-11-07T21:01:25-05:00October 2nd, 2017|

Court Order Approving Trust Agreements and Establishing Trusts

The U.S. District Judge approved the Trust Agreements (detailed previously here). The Trust Agreements must be executed by the settling parties and filed with the court within two weeks of this order (September 19th). The day this filing occurs is the Trust Effective Date; see here for the timeline that gets kicked off by [...]

By |2017-11-07T21:10:52-05:00September 19th, 2017|

Court Filings Result in Changes to the Environmental Mitigation Trust

The DOJ and State of California have issued filings with the U.S. District Court in support of the finalized agreement for the Environmental Mitigation Trust. The Trust Effective Date has not been set yet. The Trust Effective Date will be the date that the fully executed Trust Agreements are filed with the Court. Below [...]

By |2017-11-07T21:10:57-05:00September 7th, 2017|

Volkswagen Settlement Trustee Appointed

Following up on our meeting yesterday, we just found out that the court appointed the VW Settlement Trustee. On March 15, Wilmington Trust was officially appointed by the court as the Trustee of the Environmental Mitigation Trust. Here’s a link to the unopposed motion from February Here’s a link to the order of appointment [...]

By |2018-03-13T07:48:01-04:00March 15th, 2017|