Here are the firms confirmed involved in VW’s US$4.3b settlement

The massive settlement is the largest criminal fine to be paid by a carmaker to the US government yet

Here are the firms confirmed involved in VW’s US$4.3b settlement
A number of top tier firms have been confirmed to have advised the Volkswagen Group which reached a multi-billion-dollar settlement with the U.S. government last week.
 
According to a release from Freshfields Bruckhaus Deringer, it advised the carmaker on the settlement. The top firm has also named other firms which worked together to guide VW.
 
Steptoe & Johnson was a lead counsel to Volkswagen negotiating with the US Department of Justice (Jason Weinstein, Chris Niewoehner, Reid Weingarten), Sullivan & Cromwell on US civil law (Robert Giuffra, Sharon Nelles, Brent McIntosh), Linklaters (Ralph Wollburg), Krause & Kollegen (Daniel Krause) and Gleiss Lutz (Michael Arnold, Stefan Rützel, Vera Rothenburg).
 
The Freshfields team which worked on the matter includes Michael Haidinger, Simon Schwarz, Thomas Tschentscher, Rolf Trittmann, Martina de Lind van Wijngaarden, Norbert Nolte, Benedikt Wolfers, Juliane Hilf, Andrea Lensing-Kramer and on US-law Daniel Braun, Aaron Marcu, Olivia Radin and Linda Martin.
 
In-house, Volkswagen was advised by Manfred Döss, Stephan Halstrup and Philip Haarmann.
 
The US$4.3 billion (about $5.73 billion) settlement is to resolve criminal and federal environmental and other civil claims against the company relating to the now infamous “Dieselgate”.
 
As part of the resolution, VW has also agreed to a series of measures to further strengthen its compliance and control systems, including the appointment of an independent monitor for a period of three years.
 
The settlement comes, however, as six current and former VW managers have been indicted for their roles in the scandal. The auto giant, a Reuters report says, has warned its senior managers to avoid travelling to the US.
 
Freshfields advises Volkswagen in a number of jurisdictions, including on civil and regulatory issues, as well as in the coordination of criminal investigations related to the current issues relating to emissions from Volkswagen diesel engines.
 

Related stories:
Local offices not right for African expansion says Freshfields partner
Major firm launches full-fledged bitcoin practice
 

Recent articles & video

Ex-Law Council of Australia president to participate in Vinnies CEO Sleepout

Federal Court grants extension for unfair dismissal case of justice department employee

Legal Aid NSW: Wage theft common among migrant workers

De Grey Mining Limited kicks off $600m equity raising with G+T's help

Consilio inks long-term team-up with analytics and intelligence software provider

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Most Read Articles

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Hall & Wilcox assists Tobii Dynavox to acquire Link Assistive for $13m

Pearce IP's AU litigation head shares the most important lesson she learned from her old job

Aquila Clean Energy APAC gets Ashurst’s help on NZ solar PV project procurement and financing