Owners of Kia and Hyundai vehicles impacted by theft vulnerabilities now have access to a settlement offering substantial compensation. This legal resolution stems from a class-action lawsuit alleging that millions of vehicles were sold without necessary anti-theft immobilizer technology. Here’s everything you need to know about this groundbreaking settlement.
Table of Contents
Background: Why Was the Lawsuit Filed?
The lawsuit began on August 19, 2022, when plaintiffs alleged that Hyundai Motor Company, Hyundai Motor America, Kia Corporation, and Kia America, Inc. sold vehicles without immobilizers, a critical anti-theft technology.
- Immobilizer Technology: This feature prevents cars from being started without the proper key.
- Consequences: The absence of immobilizers led to a massive increase in thefts of Kia and Hyundai vehicles, spurring widespread concern among vehicle owners.
By December 2022, these cases were consolidated into a multidistrict litigation (MDL) under Judge Selna in the Federal Central District of California.
Settlement Overview
On October 30, 2023, Judge Selna granted preliminary approval for the settlement, marking a significant step in addressing the grievances of Kia and Hyundai owners.
- Total Settlement Fund: $145 million allocated for eligible claims.
- Software Upgrade: A no-cost software upgrade will be available for certain models to address the vulnerability.
- Cash Payment Options:
- Up to $300 for owners of vehicles not eligible for the software upgrade.
- Reimbursement for out-of-pocket expenses related to theft (subject to caps).
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Who is Eligible for Compensation?
The settlement applies to class members who own or lease eligible Kia and Hyundai vehicles lacking immobilizer technology. Details about vehicle eligibility and proof requirements will be included in the notice to class members.
Timeline and Next Steps
- Notice Distribution: Class members will be notified about the settlement starting February 27, 2024.
- Claim Process: Eligible individuals can submit claims for reimbursement, cash payments, or software upgrades once notices are distributed.
- Final Approval Hearing: Scheduled to follow the notification process, during which the court will decide whether to grant final approval.
How to Claim Your Settlement
- Wait for Notification: Eligible class members will receive notices detailing steps to claim benefits.
- Submit a Claim: Provide required documentation, such as proof of ownership and theft-related expenses.
- Choose a Benefit: Opt for the software upgrade or cash compensation depending on eligibility.
Significance of the Settlement
This resolution emphasizes the importance of automotive security and corporate accountability. The settlement not only compensates affected owners but also ensures proactive measures to prevent future theft risks.
For updates and detailed information, visit the official settlement website when available. Keep an eye out for notices and ensure claims are submitted within deadlines to secure your rightful compensation.
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