(October 25, 2016, 1:24 PM EDT) -- SAN FRANCISCO — A federal judge in California on Oct. 25 granted plaintiffs’ request for final approval of a $14.7 billion settlement to resolve allegations over Volkswagen AG’s installation of a defeat device designed to cheat emissions tests and deceive state and federal regulators, ruling that the settlement is fair and reasonable (In re:  Volkswagen “Clean Diesel” Marketing, Sales Practices and Products Liability Litigation, MDL 2672, Case No. 15-md-2672, N.D. Calif.).

(Order available.  Document #08-161111-001R.)

U.S. Judge Charles R. Breyer of the Northern District of California...