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Is GM Ignition Switch Economic Settlement a Scam?

Is GM Ignition Switch Economic Settlement a Scam?

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The GM Ignition Switch Economic Settlement is not a scam. If you are a current or former owner or lessee of a GM vehicle that was subject to certain 2014 recalls, you may have rights and choices in a proposed settlement. A proposed class settlement of economic loss claims by persons who owned or leased GM vehicles that were recalled in 2014 has been submitted for approval to the Federal District Court. The recalls involved the ignition system, key rotation, electronic power steering, and/or side airbag wiring. The plaintiffs claim that consumers overpaid when they bought or leased these vehicles. General Motors LLC (“New GM”), the Motors Liquidation Company GUC Trust (“the GUC Trust”), and the Motors Liquidation Company Avoidance Action Trust (“the AAT”) deny these allegations. Plaintiffs, the GUC Trust, New GM, and the AAT have agreed to a settlement to avoid the risk and cost of further litigation.

Who Is Included in the Settlement?

The Class, which is for Settlement purposes only, is defined as:

All Persons who, at any time as of or before the Recall Announcement Date of the Recall(s) applicable to the Subject Vehicle, own(ed), purchase(d), and/or lease(d) a Subject Vehicle in any of the fifty States, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, and all other United States territories and/or possessions.

The Class is comprised of five Subclasses. If a Class Member owned and/or leased more than one Subject Vehicle, they may be in more than one Subclass.

Some persons, however, are excluded from the Class, including daily fleet rental companies, governmental entities, authorized GM dealers and persons who already released their claims as part of a different settlement.

How Do I Get a Payment?

A Class Member must file an eligible claim in order to receive a payment. Class Members may complete a claim form for payment online or by mail or email to the Class Action Settlement Administrator. Claims must be postmarked, emailed, or submitted online by the claims deadline which will be no earlier than March 18, 2021. To file a claim online, click here.

Your Legal Rights And Options In This Settlement

The Key Dates page will be updated if there are any extensions to the below deadlines.

Submit A Claim Form

Deadline: No earlier than March 18, 2021

A Class Member must file an eligible claim in order to receive a payment from the $121.1 million Settlement Fund.

Class Members may complete a claim form for payment online or by mail or email. Claims must be postmarked, emailed, or submitted online by the claims deadline which will be no earlier than March 18, 2021.

Procedures for the administration of claims and allocation of the Settlement Fund to Class Members are described in the Settlement Claim Review Protocol and Allocation Decision, which are exhibits to the Amended Settlement Agreement.

Exclude Yourself Or Opt Out

Deadline: October 19, 2020

Class Members who exclude themselves - or “opt out” - from the Settlement will not receive any Settlement benefits.

Only Class Members who opt out of the Settlement will retain the right to sue New GM, the GUC Trust and/or the AAT and certain other related parties about the same claims alleged in this lawsuit, at their own expense.

Deadline: October 19, 2020

Class Members can write to the Federal District Court to object to the Settlement and explain why they do not like the Settlement.

Go To The He​aring

December 18, 2020 at 9:30 a.m.

The Court will hold a hearing on December 18, 2020 at 9:30 a.m. (Eastern Time) to determine whether to approve the Settlement.

The Court will consider objections to the Settlement and objecting Class Members may ask to speak at the hearing.

Do Nothing

Class Members who do nothing will not receive Settlement benefits, if they become available.

Class Members who do nothing (and do not opt out of the Settlement, as described above) will give up their right to sue New GM, the GUC Trust, the AAT and certain other related parties about the economic loss claims.

For More Information

Visit this website often to get the most up-to-date information.

  • Call: 1-877-545-0241
  • Email: info@gmignitionswitcheconomicsettlement.com

Mail:

GM Ignition Switch Economic Settlement Claims Center

c/o JND Legal Administration

PO Box 91354

Seattle, WA 98111

Note: Some of the information in samples on this website may have been impersonated or spoofed.

Check the comment section below for additional information and share what you know or ask a question about this article by leaving a comment below.

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Comments, Questions, Answers, or Reviews
Comments (Total: 10)

To protect your privacy, please do not post or remove sensitive information in or from your comments, questions, or reviews.

The comments, reviews or answers below do not necessarily reflect the views of Online Threat Alerts (OTA).

  • August 26, 2020 at 11:43 AM by an anonymous user from: Grosse Pointe, Michigan, United States

    I have received 2 ards with different Unique ID #'s.

  • August 26, 2020 at 11:42 AM by an anonymous user from: Grosse Pointe, Michigan, United States

    How can I tell if one of my vehicles are part of this lawsuit? I have a vehicle that is a 2013 Buick

    • August 26, 2020 at 1:25 PM by info

      Go to the following website and complete the form:

      https://secure.gmignitionswitcheconomicsettlement.com/en/claimantinfo

      Copy and paste the website address in your browser and press the "Enter" key or the "Go" button

  • August 22, 2020 at 1:56 PM by an anonymous user from: Whittier, California, United States

    IS Terrain VIN 2GKALMEK6D6234819 included in this series of automobiles

    under the GM settlement

  • August 12, 2020 at 2:37 PM by an anonymous user from: Hampton, New Hampshire, United States

    I submitted successfully both of my former Chevy VIN's. Will wait and see. Did ask for name, address, phone and email info.

  • August 11, 2020 at 1:53 PM by an anonymous user from: Bradenton, Florida, United States

    I received a postcard today with “uniqueId” when I submitted via website it said I had already claimed. Not true. How could this be? I just received it today. Could it be that someone in postal service is collecting all ID numbers and submitting them? Let’s face it, it’s a postcard with instructions to claim with ID in full site. I want my portion of settlement!

  • August 10, 2020 at 5:16 PM by an anonymous user from: Evansville, Indiana, United States

    Thanks that is what I thought it was after reading the two cards with the different numbers possibly I had owned. I had one of them and took it into a dealer for a new switch but really don't have anything to show that it was done and can't remember. Respectfully submitted. 0

  • August 8, 2020 at 4:00 PM by an anonymous user from: Auburndale, Florida, United States

    Sorry but this is indeed a scam. The postcards are mailed out to millions of people who are supposed to put in their old VIN numbers for cars they haven't owned for a dozen years or more. There is no list of qualifying vehicles. There is no range of awards that I was able to see. All legal speak. Attorneys will be paid millions while consumers who have to perform significant research are paid pennies. A total time waster but consistent with similar initiatives, This past week I was offered the possibility of a $12 settlement from Google. The flier indicated that the attorneys would be making millions.

    • August 17, 2020 at 11:36 AM by an anonymous user from: Mansfield, Massachusetts, United States

      Not a scam but hey! Less people that claim more $$ for those that do! The card is sent to owners of qualifying VINs. They have the info. You dont need To hunt for any info. Just answer your name address etc.

      if you read the settlement. There are no lawyer fees deducted from the 121 million. It goes to claimants...how much will a claimant get depends on how many file

      • September 4, 2020 at 1:12 PM by an anonymous user from: Buffalo, New York, United States

        If and when there is a settlement, the lawyers certainly do get their share off the top and also get other expenses reimbursed before owners and former owners get their share of the settlement.

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Is GM Ignition Switch Economic Settlement a Scam?