Okay, wow is VW now an American owned company? Why are Americans' considering a bail-out for VW especially after they admitted (they got caught) wrong doing by choice not by accident? Something they did not have to do, Is it just me?
The combination of regulatory oversight and class-action litigation can keep companies in line. But a bill in Congress consisting of a little more than 100 words would not only prevent Kaplan from seeking justice but also cripple virtually all class-action lawsuits against corporations. It’s known as the "Fairness in Class Action Litigation Act," but lawyers and advocates call it the “VW Bailout Bill.”
The bill, which will get a vote on the House floor in the first week of January, follows a series of steps by the judiciary to block the courthouse door on behalf of corporations. "There's no question the Supreme Court has been moving in that direction to limit access to courts," said Joanne Doroshow, executive director of the Center for Justice and Democracy. "But Congress has never done something like this, trying to step in and wipe out class-actions."
The simplicity of the VW Bailout Bill belies the chaos it would create. Proponents like the U.S. Chamber of Commerce, the bill's leading lobbyist, say they merely want to get rid of "non-injury" class-action cases, based on potential damages from defective consumer products or corporate actions that have yet to result in harm.