Back in September, Volkswagen (VW) were involved in an emissions scandal where they were found to have improperly installed an Engine Control Unit (ECU) that did not disclose valid emissions from diesel engines. VW lost $33bn (£22bn) in market value the week following the scandal and its stock price declined 20% the first business day after the news broke. Since then, a number of civil claims have been brought against the German car giant in both the UK and France.
Lawyers located in magic circle firm’s Freshfields Bruckhaus Deringer London office have apparently been working closely with VW’s US representation Kirkland & Ellis. Freshfields’ German office in Berlin has also been instructed to manage the recall of 2.4 million vehicles.
Claimant firms in the UK include Slater & Gordon and Leigh Day who have been preparing themselves for what could be one of the largest UK legal claims in history. Slater & Gordon confirmed that around 500 people had contacted the firm with their intention to bring a claim in only the first couple of days after the scandal became known to the world.