Volkswagen yesterday reached an out-of-court settlement with the Slater & Gordon dieselgate class action. A payment of £193mn is being made to the claimants, with a separate contribution for legal costs and other fees. This settlement relates to the first tranche of claims against VW, with Anexo involved in a second, but not subordinate, tranche of claims. We would expect VW to settle with Anexo on similar terms, in due course.
