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.
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 Hearing
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
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