Kia-Hyundai Class Action Lawsuit 2024: $3375 Settlement Payment Dates and Eligibility

A lawsuit has been filed against KIA and HYUNDAI due to concerns over the security systems in their vehicles. Users have reported that certain models, particularly those released since 2011, are prone to theft due to insufficient security features.

Kia-Hyundai Class Action Lawsuit 2024

• Security Concerns: Some models lack engine immobilizers, making them vulnerable to theft using simple tools like screwdrivers or USB cords.
• User Complaints: Complaints regarding the ease of theft have been filed in New York and other cities.
• Social Media Influence: The lawsuit gained traction through viral videos showcasing these vehicles’ vulnerability.

Settlement Details

• Settlement Amount: The companies have agreed to a settlement that includes software upgrades and monetary compensation.
• Compensation Breakdown:
  • Vehicle Loss: 60% of the vehicle’s value for qualifying theft.
  • Damaged Vehicles/Personal Property: $3,375 or 33% of the value.
  • Insurance Deduction: $375.
  • Increased Premium: Compensation for increased premiums due to theft attempts.
  • Transportation Charges: $250 for towing and fines.
  • Childcare and Lost Wages: $250 during the software upgrade process.

Check This

• Lawsuit Capital One Bank Settlement 2024
• Approved! $1,000 – $1,200 Monthly

Settlement Payment Dates

• Claim Period: Started in January 2024.
• Notices Sent: March 2024.
• Final Hearing: Scheduled for July 15, 2024.
• Payment Commencement: After final court approval.

Additional Offers

• Reimbursement for Anti-Theft Devices: Up to $300 per vehicle for steering wheel locks, glass breakage alarms, and other devices.
• Steering Locks: Vehicles with pre-installed steering locks can claim up to $250.

Kia-Hyundai Class Action Lawsuit Eligibility

• Software Upgrades: Available for vehicles with keyless start technology.
• Geographical Availability: All 50 states and the District of Columbia, excluding Guam, Puerto Rico, and the US Virgin Islands.

Eligible Vehicle Models and Years

Settlement Funds

Approved Funds

• Total Amount: The settlement funds approved for the class action lawsuit range between $80,000,000 and $145,000,000.
• Purpose: These funds are allocated to cover various compensations, including monetary payments to affected vehicle owners, software upgrades, and reimbursement for anti-theft devices.
• Distribution: The exact distribution of these funds will depend on the number of claims filed and the specific losses the claimants report.

Claim Processing

• Initiation: The claim processing will begin once the settlement is finalized and receives final court approval.
• Steps Involved:
  • Notification: Class members will be notified about the settlement and the process to file claims.
  • Submission: Claimants must submit the required forms and documentation to support their claims.
  • Review: The submitted claims will be reviewed to meet the eligibility criteria.
  • Approval: Approved claims will be processed for payment.
• Timeline: The exact timeline for claim processing will be communicated to the class members, but it is expected to commence shortly after the final court approval.

Warranty Advantage

• Amount: Eligible claimants can receive a warranty advantage of $3,375.
• Eligibility: To qualify for this warranty advantage, claimants must submit a claim form and the necessary documentation.
• Usage: The warranty advantage can be used to cover various losses, including:
  • Vehicle Damage: Compensation for damage to the vehicle.
  • Personal Property: Reimbursement for personal property lost or damaged during the theft.
  • Insurance Deduction: Coverage for insurance deductibles.
  • Increased Premiums: Compensation for increased insurance premiums due to theft attempts.
  • Transportation Costs: Reimbursement for transportation charges, including towing and fines.
  • Childcare and Lost Wages: Compensation for childcare costs and lost wages incurred during the software upgrade process.

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Joe

I am a passionate technology and business enthusiast, constantly exploring the intersection where innovation meets entrepreneurship. With a keen eye for emerging trends and a deep understanding of market dynamics, I provide insightful analysis and commentary on the latest advancements shaping the tech industry.