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I may not have this precisely correct, but this is my understanding.
The settlement would pay all or some of the costs that owners incurred when repairing IMS caused damage to their Boxster engines. The damage must have taken place within 10 years of the car's in-service date. For example, suppose your Boxster was placed in service on January 1, 2001. You may be reimbursed for IMS related damage if that damage occurred before the end of 2010. If it happened after that, your out of luck. And there is no money for those who took preventative steps like installing an IMS Retrofit.
If you had IMS damage and qualify for some payment, your best bet in my opinion is to file a claim. If you don't qualify, then your best bet is to send a letter to the court objecting to the settlement in the hope of more favorable terms from a revised settlement. If you just opt out, then your in the position of having to sue Porsche on your own because there will not be a second class action suit allowed.
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