Giuffre Kia - Mpg lies

New York City, New York 3 comments
Not resolved

hyundai lost the classaction last night 2/4/2013 all will get a lump sum payment Idon't know amount just yet Lawyers state dealers will contact eveyone Kia told to accept the same also some discounted purchase couponshyundai lost the classaction last night 2/4/2013 all will get a lump sum payment Idon't know amount just yet Lawyers state dealers will contact eveyone Kia told to accept the same also some discounted purchase coupons hyundai lost the classaction last night 2/4/2013 all will get a lump sum payment Idon't know amount just yet Lawyers state dealers will contact eveyone Kia told to accept the same also some discounted purchase coupons

Review about: Class Action.

Comments

mikechirco329
#618524

here's the e mail *** screw my grammer even though I have a masters in business

Dear Michael,

You are receiving this email because you have requested informational updates regarding the Hyundai/Kia MPG litigation.

We are in the process of reaching a settlement agreement with Hyundai and Kia in the In re: Hyundai and Kia Fuel Economy Litigation MDL. Below you will find the proposed terms of the agreement that were filed with the Court on February 26, 2013, per Judge Wu’s order. Hyundai has agreed to the settlement in principle, and the same agreement was offered to Kia, which is reviewing the terms. We believe this is a reasonable settlement for the class or we would not have proposed it to the Court. Please note that this is a very preliminary term sheet, and because the settlement agreement is not yet finalized, we cannot provide information regarding the amounts of the Lump-Sum Payments, and we cannot release any other information at this time.

Class definition

•; All current and former owners and lessees, as of COB 11/02/12, of the vehicles identified in the November 2, 2012 announcement, excluding repurchase fleet owners.

Claims-made process

•; Requires claim form with signature.

•; Release of all fuel economy/mileage performance/related claims, including marketing/advertising of fuel economy or mileage performance.

•; HMA will, in good faith, request that dealers...

•; Claims period of nine months (measured from date class notice is mailed).

Election

•; Class members may elect lump-sum class payment (“Lump-Sum Payment”) or continued participation in November 2, 2012 reimbursement program.

•; Any Lump-Sum Payment will be reduced for amounts already received through November 2, 2012 reimbursement program.

•; In the unlikely event that the Lump-Sum Payment is less than the amounts already received through the November 2, 2012 reimbursement program (e.g., high-mileage driver), the class member must remain in the November 2, 2012 reimbursement program.

Lump-Sum Payment for Current Original Owners/Lessees

•; The Lump-Sum Payment amount for current original owners/lessees varies by the type of vehicle.

•; The differences in the Lump-Sum Payment amounts arise from the differences in size of MPG overstatement.

•; In determining the Lump-Sum Payment amount the parties considered average ownership periods and the useful economic life of the vehicles, and variances in annual fuel cost (as set forth on the EPA Monroney label) with adjustments reflecting the shorter average lease/fleet ownership periods.

•; Current original owners/lessees of the vehicles in the “4 for 40” advertising campaign (Elantra, Accent, Veloster & Sonata Hybrid) will receive a standardized increase in their lump sum payment compensation. If a “4 for 40” class member opts to remain in the November 2, 2012 reimbursement program, consideration will be given for the advertising claim.

Current non-original owner compensation levels

•; The Lump-Sum Payment amounts for Current non-original owners are half of the Lump-Sum Payment amounts for current original owners, and any such payment does not reduce the compensation otherwise afforded to former owner.

Former Owner Compensation Levels

•; In lieu of compensation received via the November 2, 2012 reimbursement plan, such class members may select alternative compensation forms described in the next paragraph.

Alternative compensation forms (available to all class members electing lump sum payment under class settlement)

•; Class members may elect dealer service credit at 150% of cash value to which otherwise entitled pursuant to Lump-Sum Payment.

•; Class members may elect new car rebate voucher at 200% of cash value to which otherwise entitled under the Lump-Sum Payment.

Compensation Mechanisms

•; Cash compensation shall be in debit cards, acceptable like credit cards and usable at ATM without card issuer fees; non-transferrable; valid for 1 year.

•; Dealer credit compensation shall be in debit cards redeemable at Hyundai dealers towards Hyundai goods and services; non-transferrable; valid for 2 years.

•; New car rebate vouchers shall be in HMA-designed certificate form good towards new Hyundai vehicle; non-transferable (except family); valid for 3 years.

•; Funds on cards remain HMA property until expended; at expiration, cards lose value, which value shall be transferred back to HMA.

Management approval

•; 30-day window to obtain various Hyundai management approvals.

•; Contemporaneous invitation to Kia entities to adopt like terms.

•; Contemporaneous planning for reasonable confirmatory discovery.

•; Contemporaneous scheduling of mediation dedicated to fees and costs (which agreement remains a condition precedent to entire deal).

•; The settlement in principle was negotiated over multiple sessions with the assistance of Judge Sundvold (Ret.).

Best regards,

Marci

Marci Perkins | Paralegal Hagens Berman Sobol Shapiro LLP

Show more
mikechirco329
to S0_Sad #618525

read my e mail post and apologize

mikechirco329
to S0_Sad #618541

with your education you must have voted for Obama

You May Also Like