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Automotive Legal Class Action Collective Redress Consumer Class Action Emissions Portfolio Facility

Emissions Claims

The Case

The claims are brought on behalf of car owners and lessees, alleging that a number of leading vehicle manufacturers fitted ‘defeat’ devices to their vehicles to circumvent EU and UK emissions regulations designed to protect the environment.

Why It’s Significant

As with the Volkswagen claims which were brought on behalf of 91,000 customers, many hundreds of thousands, or even millions, of car owners and lessees are affected.

Therium’s Solution

Therium is financing claims against a number of vehicle manufacturers including Mercedes, Vauxhall, Jaguar Land Rover and others.

Specialism

Consumer Class Action / Collective Redress / Law Firm Portfolio / Emissions

Sector

Legal / Automotive

Case Studies

Environmental Automotive Class Action Collective Redress Emissions Group Litigation

Volkswagen

The Case

Therium funded the UK “dieselgate” group action against Volkswagen relating to the sale and leasing of vehicles containing defeat device software in breach of emissions legislation designed to protect the environment.

Why It’s Significant

The case was the largest Group Litigation Order (GLO) in British legal history with over 70,000 claimants initially, rising to more than 90,000 across the three lead claimant law firms. Therium funded a significant majority of the group.

Therium’s Solution

According to Volkswagen’s public statement, the claimants reached an out of court settlement in May 2022 with £193 million being paid to the claimants, in addition to a separate contribution towards Claimants’ legal costs and other fees.

Specialism

Class Action / Group Litigation / Collective Redress / Emissions

Sector

Automotive

Case Studies