Please note that log in for BLAW products will be unavailable for scheduled maintenance on Sunday, February 5th from approximately 4 AM to 5 AM EST.
Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Tesla Autopilot Class Settlement Gets Final OK

Nov. 5, 2018, 3:38 PM

Telsa Inc. and car owners won final approval Nov. 2 of a $5.4 million settlement resolving claims that advanced Model S and Model X features appeared later than promised.

Each of the 33,000 class members who submits a valid claim will receive between $25 and $280.

“Given those figures, the recovery obtained under this settlement is significant,” Judge Beth Labson Freeman wrote for the U.S. District Court for the Northern District of California.

The court approved an attorneys’ fee award of $961,000 for class counsel. “Plaintiffs’ request only 17.7%, despite the exceptional results achieved, the risk of litigation, the fine ...