Report
Robert Bosch GmbH
Robert-Bosch-Platz 1, Schillerhoehe
Phone: +49 71140040990p:+49 71140040990 GERLINGEN, 70839  Germany


The Bosch Emissions Class Action Proposed Settlement


THIS IS A LEGAL NOTICE OF DEVELOPMENTS IN A CLASS ACTION THAT MAY AFFECT YOU

The Bosch Emissions Class Action and the Previous Settlements

VANCOUVER, BC, July 10, 2020 /CNW/ - A number of emissions class actions were commenced across Canada concerning 2009-2016 Volkswagen, Audi and Porsche vehicles equipped with diesel engines (the "Emissions Claims"). The Emissions Claims were already the subject of two court-approved settlements with Volkswagen, Audi and Porsche (the "2&3L Settlements"), where extensive benefits were made available to owners and lessees of the affected vehicles. A separate action against Robert Bosch GmbH (the "Bosch Action") has been certified and is now the subject of a proposed settlement.

Who Should Read this Notice?

The certification and settlement of the Bosch Action affects the rights of Bosch Settlement Class Members. Subject to some exclusions*, you are a Bosch Settlement Class Member if:

(a)

On September 18, 2015, you owned or leased a diesel-powered 2009-2015 VW Jetta, a 2009 VW Jetta Wagon, a 2010-2013 or 2015 VW Golf, a 2012-2015 Passat, a 2010-2014 VW Golf Wagon, a 2015 VW Golf Sportswagon or a 2010-2013 or 2014 Audi A3; or



(b)

On November 2, 2015, you owned or leased a diesel-powered 2014-2016 Audi A6, A7, A8, A8L or Q5, a 2009-2015 Audi Q7, a 2013-2016 Porsche Cayenne or a 2009 to 2016 Volkswagen Touareg.

For a list of Excluded Persons*, which includes persons who purchased their vehicles in Quebec, visit www.BoschCanadaSettlement.com. Excluded Persons are not Bosch Settlement Class Members.

The Bosch Settlement

The Bosch Settlement seeks to resolve the Emissions Claims advanced against Bosch. The Bosch Settlement needs to be approved by the Ontario Superior Court of Justice (the "Court") before it is effective. If approved, Bosch will pay the all-inclusive payment of CAD $9,270,000 in exchange for a final release of all Emissions Claims of Bosch Settlement Class Members. However, not all Bosch Settlement Class Members will receive compensation. A proposed Distribution Plan* that is subject to Court approval contemplates payments only to 4 categories of Bosch Settlement Class Members. A hearing to consider whether to approve the Bosch Settlement and the Distribution Plan will take place at 10 am on August 28, 2020 at the Courthouse located at 130 Queen Street West, Toronto, Ontario (the "Approval Hearing").

What are the options of Bosch Settlement Class Members?

  • Do nothing: Bosch Settlement Class Members will participate in the Bosch Action and be bound by any court-approved settlements, including any plans for distribution of settlement proceeds;
  • Exclude yourself (opt-out) by August 21, 2020: Bosch Settlement Class Members will be excluded from the Bosch Action and not be bound by any court approved settlements or be able to share in any proceeds, if available;
  • Comment / Object to the Bosch Settlement by August 21, 2020: Bosch Settlement Class Members may submit their views or comments regarding the Bosch Settlement for consideration by the Court on the Approval Hearing.

Delivery of requests to opt-out or comments / objections to the Bosch Settlement must be delivered by mail to the Claims Administrator, RicePoint Administration Inc. by August 21, 2020 in order to be effective and considered. Visit www.BoschCanadaSettlement.com for more information about how to submit a request to opt-out or comment.

*Where Can I Get More Information?

This notice is just a summary. For more information, including to view copies of the Settlement Agreement, proposed Distribution Plan and a more detailed Long Form Notice with additional instructions and contact information for Class Counsel, who are available to assist with any questions or inquiries, please visit www.BoschCanadaSettlement.com.

SOURCE Branch MacMaster LLP


Related Businesses
- - Customer

Copyright © 2024 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Thursday, March 28, 2024