The court approved a $2.1 billion class action settlement for Canadian owners and lessees of VW 2.0-litre diesel vehicles affected by the "defeat device" fraud.
The settlement provides cash payments and options for vehicle buyback or emissions modification, with the buyback option generally offering a larger recovery.
The court found the settlement fair, reasonable, and in the best interests of the class, exceeding what members would likely recover under provincial consumer protection legislation or tort law.
