Own a Hyundai? Unlock Your $650 Payment Before Time Runs Out – Here’s How to Claim It After $145 million Settlement!
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Attention, Hyundai Owners! The clock is ticking on a golden opportunity that could put up to $650 back in your pocket.
Hyundai has agreed to a hefty $145 million settlement over a lawsuit that brought to light a significant 'design flaw' in their vehicles. If you're driving a Hyundai, you might be entitled to a slice of this substantial pie, but you'll need to act fast.
The lawsuit in question revolved around allegations that Hyundai failed to equip certain models with adequate security systems, leaving them more vulnerable to theft and damage. Specifically, the absence of engine immobilizers—a critical anti-theft feature—was at the heart of the issue.
After a lengthy battle in federal court, Hyundai has opted to create a Common Fund to compensate owners for losses incurred due to this oversight. The fund will contain at least $80 million, potentially reaching up to $145 million, depending on the number of approved claims.
So, if you've suffered a financial loss due to the theft or attempted theft of your Hyundai, you could be eligible for compensation that matches the full value of your vehicle at the time it was stolen. But even if you've been fortunate enough to avoid theft, you could still benefit from the settlement.
Hyundai vehicle owners affected by the alleged flaw are entitled to various payments to make up for the inconvenience. Here's what you could claim:
You should mark your calendars though, members as claims must be submitted before January 11, 2025. Keep in mind that the deadline to exclude yourself from the class action or to object has already passed. This means if you choose to submit a claim you will not be able to initiate any separate lawsuits against Hyundai.
Have you been affected by the Hyundai security system issue? Are you planning to submit a claim, or have you already done so? Share your experiences and any tips you might have for navigating the claims process, or for stopping future car theft with your fellow GrayViners in the comments below.
Hyundai has agreed to a hefty $145 million settlement over a lawsuit that brought to light a significant 'design flaw' in their vehicles. If you're driving a Hyundai, you might be entitled to a slice of this substantial pie, but you'll need to act fast.
The lawsuit in question revolved around allegations that Hyundai failed to equip certain models with adequate security systems, leaving them more vulnerable to theft and damage. Specifically, the absence of engine immobilizers—a critical anti-theft feature—was at the heart of the issue.
Hyundai vehicle owners affected by the security flaws are entitled to compensation. Image source: Pexels.
After a lengthy battle in federal court, Hyundai has opted to create a Common Fund to compensate owners for losses incurred due to this oversight. The fund will contain at least $80 million, potentially reaching up to $145 million, depending on the number of approved claims.
So, if you've suffered a financial loss due to the theft or attempted theft of your Hyundai, you could be eligible for compensation that matches the full value of your vehicle at the time it was stolen. But even if you've been fortunate enough to avoid theft, you could still benefit from the settlement.
Hyundai vehicle owners affected by the alleged flaw are entitled to various payments to make up for the inconvenience. Here's what you could claim:
- Software Update Reimbursement: Take your Hyundai to a dealer for a software update and receive up to $250 to cover any loss of earnings or childcare expenses incurred during the service.
- Anti-Theft System Compensation: If your vehicle isn't eligible for the software upgrade, you can claim up to $300 to offset the cost of installing a steering lock, alarm, or other anti-theft device. If you've already received a free steering lock from Hyundai, you can still claim $250.
You should mark your calendars though, members as claims must be submitted before January 11, 2025. Keep in mind that the deadline to exclude yourself from the class action or to object has already passed. This means if you choose to submit a claim you will not be able to initiate any separate lawsuits against Hyundai.
Have you been affected by the Hyundai security system issue? Are you planning to submit a claim, or have you already done so? Share your experiences and any tips you might have for navigating the claims process, or for stopping future car theft with your fellow GrayViners in the comments below.
