986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - NOTICE OF PORSCHE IMS SETTLEMENT / You may have a right to claim money due

bartocollector · 07-20-2013, 10:30 PM

There is an option to opt out of the future settlement. If you do, you gain the right to sue on your own. Anyone who has not had a failure yet is able to file a claim if it happens but only in the time period before the car reaches 10 yrs. of service
if you stay in the pool of the settlement. So if you are in the pool and own a 2004 model and your motor blows up next year you are not able to file a claim. Everyone owning a 2003 and earlier are too late if the IMS fails now.
Hard decision whether to opt out if you own an 04 or 05.
The terms definitely favor those who have had a failure and repaired it through a certified Porsche dealer. I think it falls way short on the failures that happen in the next 3-5 years and beyond.
Porsche needs to beef up this settlement to give all of us some peace of mind.

07-20-2013, 10:30 PM	#4
bartocollector Registered User Join Date: Aug 2011 Location: oregon Posts: 9	Opt out or remain There is an option to opt out of the future settlement. If you do, you gain the right to sue on your own. Anyone who has not had a failure yet is able to file a claim if it happens but only in the time period before the car reaches 10 yrs. of service if you stay in the pool of the settlement. So if you are in the pool and own a 2004 model and your motor blows up next year you are not able to file a claim. Everyone owning a 2003 and earlier are too late if the IMS fails now. Hard decision whether to opt out if you own an 04 or 05. The terms definitely favor those who have had a failure and repaired it through a certified Porsche dealer. I think it falls way short on the failures that happen in the next 3-5 years and beyond. Porsche needs to beef up this settlement to give all of us some peace of mind.