The Hyundai-Kia lawsuit is based on the absence of engine immobilizers for certain models produced between 2011 and 2022.
Engine immobilizers provide an important security feature that prevents cars from being started with the wrong key. This vulnerability caused a spike in car thefts that were widely reported on social media.
This article gives the latest information on the case, including the settlement amount, dates and eligibility.
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Hyundai-Kia class action lawsuit 2024
New York City, along with several other cities, has filed a lawsuit in federal court against Hyundai-Kia. This is a Hyundai Motor Group subsidiary.
Videos on social media that showed how easy it was to steal certain Hyundai and Kia vehicles using USB cables or screwdrivers because of the lack of engine immobilizers sparked the lawsuit. The security flaw was found in many vehicles and led to legal action.
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Settlement of Hyundai-Kia Class Action Lawsuit
The court has approved the settlement agreement between Hyundai-Kia. If the court gives final approval, the company would provide between $80 and $145 million to compensate the affected vehicle owners.
The compensation includes enhanced security measures, upgraded computer software and reimbursements of expenses and losses incurred due to theft.
Payment Amounts of Hyundai-Kia Class Action Lawsuit
Compensation breakdown for affected car owners:
Sure, here is the information presented in a tabular form:
| Category | Details |
|---|---|
| Compensation for Total Loss | 60% if the vehicle was stolen but not recovered. |
| Damage Compensation | Up to $3,375 or 33% of the cost of damage for theft attempts. |
| Additional Losses | Up to $250 for expenses related to theft, such as towing penalties or transportation. |
| Insurance Deductibles | Maximum $375 insurance deductibles for theft attempts. |
It’s important to keep up-to-date on the official lawsuit site.
Hyundai Theft Settlement Payout Date
Here is the information in tabular form:
| Event | Date |
|---|---|
| Approval of the preliminary settlement | Late 2023 |
| Claim submission deadline | January 11, 2024 |
| Final approval hearing | July 15, 2024 |
| Settlement benefit distribution | After January 2024 |
The dates are subject to change. Please check back often to see if there are any changes.
Eligibility Criteria
If you bought any of the following models in the US, then you are eligible for the settlement:
Here’s the information converted into a tabular format:
| Model | Year Range |
|---|---|
| Kia Forte | 2011-2021 |
| Kia K5 | 2021-2022 |
| Kia Optima | 2011-2020 |
| Kia Rio | 2012-2021 |
| Kia Sedona | 2011-2021 |
| Kia Seltos | 2021-2022 |
| Kia Sorento | 2011-2022 |
| Kia Soul | 2020-2022 |
| Kia Sportage | 2012-2022 |
Compensation Types
- Compensation for Software Upgrades: Certain vehicle owners may receive free software updates to improve anti-theft protection. This upgrade is not available to all vehicles in District of Columbia or the 50 states.
- Financial Compensation: All eligible owners of vehicles will receive financial compensation regardless of whether they are eligible for the upgrade.
Claim Your Compensation
- Verify Your Eligibility. Make sure your vehicle’s model and date of purchase meet the criteria.
- Submit your Claim: Please follow the instructions provided on the official website of the lawsuit to submit your claim before the deadline (11th January 2024).
- Documentation: Collect and submit the required documentation such as proofs of vehicle ownership, and evidence of theft and attempted theft.
- Keep informed: Check the official website regularly for updates regarding payment dates, and any other requirements.
Important Considerations
- Monitor Communications Be on the lookout for official communications from Hyundai-Kia or the court about your claim status.
- Seek Legal Advice You may need legal advice if you have questions about your eligibility for the claim process or if you are concerned with any aspect of it.
The Hyundai-Kia lawsuit is a class action that addresses a serious security flaw which led to an unprecedented wave of auto thefts. The settlement is intended to compensate vehicle owners affected by the security flaw through enhanced security and financial reimbursements.
Eligible owners should submit their claims within the deadline specified and keep informed via the official website.
The settlement was reached after a lengthy court case. The two main types of compensation are software compensation and monetary compensation. Vehicles in the District of Columbia, the 50 states, and other areas will not be eligible for software upgrade compensation. They are still entitled to compensation.
Final Verdict
The settlement of the Hyundai-Kia class action lawsuit in 2024 will provide significant financial compensation for eligible claimants who are affected by the issues outlined within the lawsuit. To ensure that claimants receive the compensation they deserve, it is important to understand the settlement amount, dates, and eligibility criteria. Take timely action and stay informed to maximize the benefits of the settlement.
Check the official website of the lawsuit regularly to stay informed about the latest developments. Visit this site frequently to read articles about Class Action Lawsuits.
FAQs
What settlement amount is there for the Hyundai Kia class action lawsuit 2024?
The amount of settlement varies depending on the individual claim and the particulars of the case. The settlement amount will be determined by factors such as the impact of the incident on the claimant and the costs that were incurred. After the claims have been reviewed, claimants will receive a notification of their compensation.
What is the eligibility for the settlement?
The settlement agreement will specify the eligibility criteria for the settlement. The settlement agreement outlines the eligibility criteria in detail. To confirm eligibility, claimants can check the official settlement site or contact the settlement administrator.
What are the important dates I need to be aware of?
Key dates include the deadline to submit claims, the date when the settlement payments will start, and any scheduled court hearings. These dates are usually announced on the official settlement website and through direct notifications to eligible claimants. It’s important to keep track of these dates to ensure timely submission and receipt of payments.
What is the process for filing a claim?
For eligible individuals to file a claim they must complete and submit the claim form found on the settlement’s official website. The claim form will typically ask for detailed information regarding the vehicle, any issues encountered, and supporting documentation. The website provides instructions on how to submit the claim form by email or online.