Saturn VTi Transmission - Final Approval of Settlement; The Court has entered a final judgment approving the class action settlement for owners of Saturn Vue and ION owners for certain model years.
Wood River, Illinois (PRWEB) April 17, 2009 -- On Thursday, April 16, 2009, the United States District Court for the Eastern District of California granted final approval of a settlement in a class action lawsuit against General Motors (Cause No. 07-CV-02142). The lawsuit alleged that Saturn VTi transmissions were defective. "This settlement offers more relief to class members, in terms of dollars per person, than any other class action settlement that this firm knows of," said Rob Schmieder, head of the complex-litigation department at LakinChapman, LLC.
The class consists of all persons who are residents of the United States and who purchased a new or used 2002, 2003, 2004 or 2005 model year Saturn VUE or 2003 or 2004 model year Saturn ION equipped with a continuously variable VTi transmission. Certain automobile dealers and people who sued GM seeking damages for alleged personal injury or property damage in connection with a VTi transmission are excluded from the class.
"Saturn Vue and Ion owners can rejoice," said Brad Lakin, Managing Partner of LakinChapman LLC. "This is a tremendous settlement that provides Class Members, amongst other relief, the ability to get reimbursed thousands of dollars, in most cases, for out-of-pocket expenses incurred to replace their transmission," Lakin said.
The benefits available to Class Members offer reimbursement for past and future expenses. Settlement benefits include: (1) reimbursement for out-of-pocket expenses relating to the previous repair, replacement, or inspection of VTi transmissions, (2) reimbursement for out-of-pocket expenses based on a previous trade-in of a Class Vehicle with VTi transmission failure; and (3) reimbursement for out-of-pocket expenses relating to the future repair, replacement, or inspection of VTi transmissions. To be reimbursable, the expense must be incurred within 125,000 miles of the original retail sale or lease of the vehicle and within certain time limitations.
One Hurricane Katrina survivor and class member, Joy Boggi of Louisiana said, "At the time I needed to pay to replace the VTi transmission in my 2004 Saturn Vue, I was just getting my head above water from the financial status I was in from Hurricane Katrina. Once I was told it would cost me over $4,500 to replace the transmission, I felt financially drained and emotionally spent. There were times I would just cry about the financial and emotional distress I was under due to money needed to replace the transmission. The settlement provides great financial relief, and I am ecstatic about the settlement." Ms. Boggi and thousands of other Saturn Vue and ION owners will get reimbursed for transmission replacements and other benefits under the settlement.
Claim forms are being mailed to class members. For more information on the settlement, please visit: LakinChapman, LLC.
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[Via Legal / Law]
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