The Kia-Hyundai Class Action Settlement 2024 is a significant legal development affecting many car owners in the United States. This lawsuit addresses a design flaw in certain Kia and Hyundai vehicles that makes them highly susceptible to theft. As part of the settlement, eligible car owners can claim up to $3,375 in compensation. This article provides a detailed overview of the settlement, eligibility criteria, compensation details, and how to file a claim.
Overview of the Kia-Hyundai Class Action Settlement 2024
Background of the Lawsuit
The lawsuit, officially titled “In re: Kia Hyundai Vehicle Theft Marketing, Sales Practices, and Products Liability Litigation, No. 8:22-ML-3052 JVS(KESx) (C.D. Cal.)”, targets Kia and Hyundai vehicles manufactured between 2011 and 2022. These vehicles lack an engine immobilizer, a critical anti-theft feature, making them easier to steal. This oversight has led to numerous thefts and substantial losses for car owners.
Settlement Agreement
To resolve the lawsuit without prolonged litigation, Kia and Hyundai have agreed to a voluntary settlement. The settlement offers two types of compensation: a software upgrade and monetary compensation.
Compensation Details
Software Upgrade
A complimentary software upgrade is available to certain eligible vehicles. This upgrade is designed to prevent the vehicle from starting without the key, thereby reducing the risk of theft.
Eligible Models for Software Upgrade
| Vehicle Model | Model Year |
|---|---|
| Kia Forte | 2011 – 2021 |
| Kia K5 | 2021 – 2022 |
| Kia Sedona | 2011 – 2021 |
| Kia Optima | 2011 – 2020 |
| Kia Seltos | 2021 – 2022 |
| Kia Sorento | 2011 – 2022 |
| Kia Soul | 2011 – 2022 |
| Kia Sportage | 2011 – 2022 |
| Kia Rio | 2011 – 2021 |
Monetary Compensation
For those whose vehicles are not eligible for the software upgrade, monetary compensation is available. This includes reimbursement for purchasing anti-theft devices and other related expenses.
Ineligible for Software Upgrade
| Vehicle Model | Model Year |
|---|---|
| Kia Forte | 2011 – 2015 |
| Kia Rio | 2011 – 2021 |
| Kia Soul | 2011 – 2021 |
| Kia Sportage | 2011 – 2014 |
| Kia Sedona | 2014 |
Compensation Amounts
Claimants may receive compensation for various losses and expenses, including:
- Up to 60% of the Black Book value for vehicles lost due to theft.
- The greater of $3,375 or 33% for vehicle damages or loss of personal property during theft.
- Up to $375 for insurance deductibles and increased premiums.
- Up to $250 for additional expenses such as transportation, towing, or fines.
- Up to $250 for lost wages and childcare costs incurred during the software upgrade process.
- Reimbursement for up to two OEM-issued key fobs, capped at $350 each, if required by a Kia dealership.
Important Links
- Canada GIC Increase for 2024
- CPP Changes by CRA in 2024
- $2350 Relief for Seniors in Canada
- 2025 Social Security Updates
- Centrelink Crisis Payment 2024
- Bank of America Settlement 2024
Payment Timeline
The settlement was preliminarily approved on October 31, 2023. The claim filing period began on March 4, 2024, and notices were sent to class members. The final approval hearing is scheduled for July 15, 2024. Payments will commence after this hearing, subject to final court approval and resolution of any objections or appeals.
How to File a Claim
To file a claim, follow these steps:
- Visit the Settlement Website: Go to kiatheftsettlement.com.
- Check Vehicle Eligibility: Enter your Vehicle Identification Number (VIN) to see if your vehicle qualifies.
- Fill Out the Claim Form: Provide your personal details and vehicle information.
- Select Reimbursement Type: Choose the type of compensation you are seeking.
- Attach Supporting Documents: Include any necessary documents to support your claim.
- Submit the Form: Double-check your information and submit the form.
Conclusion
The Kia-Hyundai Class Action Settlement 2024 offers significant compensation for affected car owners. Whether you are eligible for a software upgrade or monetary compensation, it is essential to file your claim promptly to ensure you receive the benefits you are entitled to. Stay informed and take action to protect your rights as a car owner.
FAQ’s
What is the Kia-Hyundai Class Action Settlement 2024?
The settlement addresses a design flaw in certain Kia and Hyundai cars (2011-2022) that makes them easy to steal. It offers a free software upgrade and monetary compensation to affected owners.
Who is eligible for the settlement?
Owners of specific Kia and Hyundai models from 2011 to 2022 are eligible. Some vehicles qualify for a free software upgrade, while others are eligible for monetary compensation.
How can I file a claim?
Visit kiatheftsettlement.com, fill out the claim form, and submit it with necessary documents. Check if your vehicle qualifies before filing.
When will payments start?
Payments will begin after the final court approval on July 15, 2024. Ensure you file your claim early to receive compensation promptly.
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