$2.8M heading to general fund from Volkswagen settlement, Beshear announces
12/06/2016 09:22 AM
Attorney General Andy Beshear is sending nearly $2.8 million received in a settlement with Volkswagen to the state’s general fund.
Beshear announced the move Monday, more than five months after both sides settled a lawsuit filed in March regarding the German automaker’s misrepresentation of its “clean diesel” technology.
Some 3,200 affected Kentucky customers are eligible for buybacks or vehicular improvements from the company plus at least $5,100 in restitution, which Beshear’s office estimated in June could cost Volkswagen more than $96 million.
The automaker’s settlement with Kentucky over violations of the state’s Consumer Protection Act came on the heels of a federal settlement worth up to $14.7 billion. Volkswagen was accused of installing software on its 11 million Turbocharged Direct Injection diesel-engine vehicles to cheat emissions tests.
“I am proud of our team for holding Volkswagen accountable for their deceitful actions,” Beshear said in a statement. “The nearly $2.8 million gives lawmakers a financial advantage in their future spending on programs to set Kentucky on path to economic prosperity.”
The settlement also included more than $19 million in an Environmental Mitigation Trust funded by Volkswagen, according to a news release from Beshear’s office.
Below the Fold
Cabinet for Health and Family Services-backed bill deletes several commissions and numerous required reports
Majority of Kentuckians not fearful of losing insurance; Congressional Budget Office says repeal will raise costs, leave millions without insurance
Gov. Bevin appoints new University of Louisville board, renaming most from previous reorganization attempt
Former congressional candidate says Democrats need to understand days of the coal industry being a true force in the state are over
Subscribe and get the latest political intelligence delivered to your inbox.