Did you receive a notice from Hyundai? Did you receive a mail about a class action settlement to resolve Hyundai, Kia to Settle Vehicle Theft lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Hyundai, Kia to Settle Vehicle Theft Class Action Settlement?
Hyundai and Kia have agreed to a settlement reportedly worth more than $200 million to end sprawling litigation over the automakers’ failure to equip certain models with an engine immobilizer, a basic security measure that drivers nationwide alleged would have prevented many vehicles from being stolen.
When launched, the official settlement website will be loaded with pertinent information for Hyundai and Kia drivers
What Is This Class Action All About?
On May 18, 2023, the parties involved submitted to United States District Judge James V. Selna a five-page joint statement informing the court that they had “reached a settlement-in-principle of the consumer class action claims.” The parties added that the proposed settlement followed “months of negotiations,” including multiple mediation sessions, and that they are “in the process of documenting the agreement” to end the multidistrict litigation (MDL).
In a press release distributed the same day, the plaintiffs’ attorneys said the settlement, which still needs to be officially submitted to the court for preliminary approval, has been “designed to address a multitude of situations faced by owners of affected vehicles,” totaling around nine million Hyundai and Kia models.
The proposed settlement reportedly provides up to $145 million to cover out-of-pocket losses, software upgrades to address impacted vehicles’ lack of an engine immobilizer, and payments of up to $300 in lieu of software upgrades for certain drivers.
The litigation was sparked by a viral TikTok “challenge” wherein posters dubbed the “Kia Boys” demonstrated how easy it was to steal certain Hyundai and Kia vehicles using nothing more than a USB charging cord or similar metal object.
“Our goal in finalizing this settlement was to leave no one in the dark,” plaintiffs’ attorney Steve Berman, managing partner of Hagens Berman, said. “The owners of these cars have experienced enough upset, and we worked to achieve a settlement that covers many types of losses – from those who were lucky enough to have never had their theft-prone car stolen, to those whose stolen cars were totaled completely due to Hyundai and Kia’s negligence.”
Read on to learn more about what we know about the reported settlement, including who may be covered, what compensation may become available, and more.
Who Is Eligible?
The settlement benefits will reportedly cover millions of consumers who have a 2011-2022 model year Hyundai or Kia with a traditional “insert-and-turn” steel key ignition system.
How To Be Part of This Settlement
For class member to partake in this settlement, the parties told the court that they intend to properly submit the settlement to the court for preliminary approval by July 10, 2023.
What Is The Pay For This Settlement?
The pay for this settlement is Up to $145 million for out-of-pocket losses, with “tiers of payments” of up to $6,125 for total-loss vehicles, up to $3,375 for vehicle and personal property damage, and compensation for “insurance-related expenses” and other costs, including for rental cars, taxi rides, ride-shares or public transit rides.
Conclusion
As you submit your claim to the settlement website, just like Eversource class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
