Is GM Ignition Switch Economic Settlement a Scam?

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.

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Is GM Ignition Switch Economic Settlement a Scam?

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

Check the comment section below for additional information, share what you know, or ask a question about this article by leaving a comment below. And, to quickly find answers to your questions, use our search Search engine.

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

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Comments, Questions, Answers, or Reviews

Comments (Total: 10)

To protect your privacy, please remove sensitive or identifiable information from your comments, questions, or reviews. We will use your IP address to display your approximate location to other users when you make a post. That location is not enough to find you.

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August 26, 2020 at 11:43 AM by
Is GM Ignition Switch Economic Settlement a Scam?
an anonymous user from: Grosse Pointe, Michigan, United States

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

Delete

August 26, 2020 at 11:42 AM by
Is GM Ignition Switch Economic Settlement a Scam?
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

Delete

August 26, 2020 at 1:25 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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

Delete

August 22, 2020 at 1:56 PM by
Is GM Ignition Switch Economic Settlement a Scam?
an anonymous user from: Whittier, California, United States

IS Terrain VIN 2GKALMEK6D6234819 included in this series of automobiles

under the GM settlement

Delete

August 12, 2020 at 2:37 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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.

Delete

August 11, 2020 at 1:53 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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!

Delete

August 10, 2020 at 5:16 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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

Delete

August 8, 2020 at 4:00 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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.

Delete

August 17, 2020 at 11:36 AM by
Is GM Ignition Switch Economic Settlement a Scam?
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

Delete

September 4, 2020 at 1:12 PM by
Is GM Ignition Switch Economic Settlement a Scam?
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.

Delete

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What if You Got Scammed?

Stop Contact With The Scammer

Hang up the phone. Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer. Beware of additional scammers who may contact you claiming they can help you get your lost money back.

Secure Your Finances

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Check Your Computer

If your computer was accessed or otherwise affected by a scam, check to make sure that your anti-virus is up-to-date and running and that your system is free of malware and keylogging software. You may also need to seek the help of a computer repair company. Consider utilizing the Better Business Bureau’s website to find a reputable company.

Change Your Account Passwords

Update your bank, credit card, social media, and email account passwords to try to limit further unauthorized access. Make sure to choose strong passwords when changing account passwords.

Report The Scam

Reporting helps protect others. While agencies can’t always track down perpetrators of crimes against scammers, they can utilize the information gathered to record patterns of abuse which may lead to action being taken against a company or industry.

Report your issue to the following agencies based on the nature of the scam:

  • Local Law Enforcement: Consumers are encouraged to report scams to their local police department or sheriff’s office, especially if you lost money or property or had your identity compromised.
  • Federal Trade Commission: Contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP (1-877-382-4357) or use the Online Complaint Assistant to report various types of fraud, including counterfeit checks, lottery or sweepstakes scams, and more.
  • Identitytheft.gov: If someone is using your personal information, like your Social Security, credit card, or bank account number, to open new accounts, make purchases, or get a tax refund, report it at www.identitytheft.gov. This federal government site will also help you create your Identity Theft Report and a personal recovery plan based on your situation. Questions can be directed to 877-ID THEFT.

How To Recognize a Phishing Scam

Scammers use email or text messages to try to steal your passwords, account numbers, or Social Security numbers. If they get that information, they could get access to your email, bank, or other accounts. Or they could sell your information to other scammers. Scammers launch thousands of phishing attacks like these every day — and they’re often successful.

Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages:

Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment. You might get an unexpected email or text message that looks like it’s from a company you know or trust, like a bank or a credit card or utility company. Or maybe it’s from an online payment website or app. The message could be from a scammer, who might

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About Online Threat Alerts (OTA)

Online Threat Alerts or OTA is an anti-cybercrime community that started in 2012. OTA alerts the public to cyber crimes and other web threats.

By alerting the public, we have prevented a lot of online users from getting scammed or becoming victims of cybercrimes.

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Is GM Ignition Switch Economic Settlement a Scam?