CHEVROLET and GMC drivers have been warned they have until August 8 to claim a $2,149 cash settlement from a $150 million pot.
General Motors has agreed to the eye-watering class action lawsuit settlement to resolve claims that certain Chevrolet and GMC vehicles are equipped with defective engines that consume excess oil.
Chevrolet and GMC drivers have been warned they have until August 8 to claim $2,149 cash settlement[/caption]
General Motors has agreed to the eye-watering $150 million class action lawsuit[/caption]
The GM settlement will benefit current owners or even lessees of 2011-2014 Chevrolet Avalanche, Silverado, Suburban, Tahoe, GMC Sierra, Yukon and Yukon XL vehicles.
These all have to be equipped with LC9 engines, and drivers live in California, Idaho, or North Carolina.
The class vehicle has to have been purhcased or leased in new condition in California as of May 23, 2022, under the California class to be eligible.
And as for the North Carolina class, you’re eligible if you purchased or leased a class vehicle in North Carolina as of May 23, 2022.
For the Idaho class, to be eligible, you must have purchased or leased from a GM-authorized dealer in Idaho as of May 23, 2022.
The lawsuit says certain Chevrolet and GMC vehicles are equipped with defective LC9 engines that consume excessive amounts of oil.
And plaintiffs in the case say GM were aware of the defect but failed to tell its consumers.
GM hasn’t admitted any wrongdoing but agreed to a $150 settlement to resolve the lawsuit.
Under terms of the settlement, class members are able to receive a cash payment.
They are set to receive a share of the net settlement fund that’s based on the number of vehicles they own or lease.
Each class member is estimated to receive at least a whopping $2,149 – but exact payment amounts could be higher or lower depending on the number of participating class members.
But you need to be quick – as the deadline for exclusion and objection is August 8.
The final approval hearing for the lawsuit settlement is scheduled for October 2.
And North Carolina class members who received an identification form in the mail have to return the form by August 8, 2025, in order to receive payment.
But no claim form is required by other class members.
What’s a class-action settlement?
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
