The FINAL date for IMS settlement is October 15th, 2013 - which is fast approaching. In order to preserve YOUR ability to collect for IMS repairs, you MUST let the the attorneys know about it. The ONLY WAY to force a larger settlement from Porsche (a.k.a "widen the class of affected persons")
is to object IF you are not included in the suit.
Porsches' own lawyers have a dispute about the settlement class as being inadequate (10 years/130,000 miles), as proof here is my correspondence. It includes address, email and phone for you object on YOUR OWN BEFORE a decision is made. This is MY STORY, sorry if you do not like it or want to hear it but maybe some of you NEED to understand what can happen to your car and no matter how much you love to drive it, IF you suffer a loss - IT HURTS!
BTW just replacing the IMS bearing is NO GUARANTEE you will not have a future IMS failure. My car is now a giant paperweight and made it approx. a thousand miles
AFTER THE NEW IMS bearing was installed before it CROAKED! I also have opened a case with Porsche North America. Only when ALL our collective voices are raised will anything be done. Sitting here complaining OR dissing me does not help Porsche make it right when you SUFFER A CATASTROPHIC ENGINE LOSS.
FACT: This is NOT normal maintenance. It IS a FACTORY DEFECT that has gone unaddressed for years. While I may not be popular, I will NOT be screwed over by anyone either….you may do as you wish! This was my decision, just don't think it will NOT happen to you!
I have sent this letter to Porsche NA, dealerships mentioned in Dallas, TX, the judge presiding, and the Eisen settlement attorney. Some of this information may be confidential, so I am just telling my friends here on 986Forum.
Here is the email excerpt from the attorney and his contact info (in chronogical order):
Mark, I have a dispute with Porsche about whether or not failures beyond the 10 year/130,000 mile limitation are covered by the settlement. If you want to preserve the option to sue them individually for your IMS failure, you can opt out of our settlement and then not be bound by it. You also have the opportunity to remain in the class and object, but if your objection is not sustained, you may very well have released any claim you have if Porsche’s construction of the release is upheld.
Regards. Steve Harris.
Stephen M. Harris
KNAPP, PETERSEN & CLARKE
550 N. Brand Boulevard, Suite 1500
Glendale, CA 91203-1922
Tel: (818) 547-5149
Fax: (818) 547-5329
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Sent: Thursday, September 19, 2013 7:02 AM
On or about April 10th, 2013. The final IMS failure was in May 2013.
Mark
homeboy981@gmail.com
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On Sep 19, 2013, at 8:49 AM, Stephen M. Harris wrote:
Mark, when was the IMS failure
Stephen M. Harris
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On Sep 19, 2013, at 5:27 AM, "Mark-Gmail"
wrote:
Hi Steve,
I am merely trying to get Porsche to try and understand that this settlement is inadequate and is overlooking a number of failures OUTSIDE PARAMETERS CURRENTLY SET UP.
We can talk, if you still need to, anytime after 10:00 AM CST. I now have a giant Porsche paperweight that has literally cost my family our financial security. Although I may not be able to sue today. I will NOT forget and will strive to share my experiences. Toyota even replaced defective items in their vehicles well AFTER that warranty to preserve their reputation. As a "no compromise" sports car should not have been designed this way. Further, this was a car I have wanted for years only to have it fail worse than ANY vehicle I have ever owned. What does that say?
Porsche has an opportunity to save its' brand by "doing right by their customers", and, so far, they are not doing more than taking 'baby steps' to remedy problems. This has been their philosophy for some time. However, when you are affected by their design flaw...your opinion of the company changes - especially when they ignore you!
Thank you in advance.
Mark Ingrum
homeboy981@gmail.com
972-333-6165
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On Sep 18, 2013, at 5:01 PM, Stephen M. Harris wrote:
Mr. Ingrum, I am responding to the email below. I am the attorney handling the case on behalf of Porsche, and I am happy to speak to you. If you want to discuss this matter, just let me know when I should call you. Steve.
Stephen M. Harris
KNAPP, PETERSEN & CLARKE
550 N. Brand Boulevard, Suite 1500
Glendale, CA 91203-1922
Tel: (818) 547-5149
Fax: (818) 547-5329
***
Sent: Wednesday, September 18, 2013 2:06 PM
To: info@imsporschesettlement.com
"The suit parameters are too narrow. I too suffered an IMS failure. Worked all my life to buy one of your cars as a goal. And at age 51 I was able to afford to purchase a 2002 Boxster S. I must say I am disappointed as I spent $15,000 on a good, used, and well maintained vehicle only to have the IMS fail on me. I carefully, dutifully, maintained the car too totaling over $8,000 spent in addition to the purchase price to make the car PERFECT! Well, it wasn't because of an error in YOUR PRODUCTION. Further, your current Class Action IMS Settlement DOES NOT address YOUR FAILURE to me. Therefore, I am giving you an opportunity to make it right BEFORE I decide to whether to file an additional lawsuit. Porsche should be ASHAMED! Any other auto maker would fix this type of problem! Toyota fixed vehicles up to 100,000 that were out of warranty to protect their reputation. Porsche is making a MISTAKE IF THEY SETTLE as this suit DOES NOT address numerous purchases by people like myself who fall OUTSIDE the suit parameters. I have owned many German cars, yours was the one I looked forward to owning the most...and it let me down the WORST! BMW, Mercedes, Audi all have served me well and DID service their vehicles WHEN A KNOWN PROBLEM EXISTED, UNLIKE PORSCHE. I purchased a 2002 Boxster S with 55,000 miles in premium condition with a known maintenance record and it suffered an IMS failure at 68,000! That's $23,000 for 13,000 miles!!! It was NOT from lack of maintenance either, I put in $8,000 in repairs to that vehicle (more than ANY OTHER VEHICLE I HAVE EVER OWNED)..now it's a paperweight! A replacement engine costs MORE than the car is worth! I paid $15,000 for it and still owe $8,500! It is $10k for a replacement engine, AND ANOTHER $2k for IMS and seals, etc w/o installation! Porsche has almost single-handedly FORCED my family into Bankruptcy as a direct result of negligence and a problem that should have been fixed. Moreover, the settlement DOES NOT ADDRESS MY LOSSES. So expect further lawsuits and bad publicity to continue. I have spoken to Boardwalk Porsche, Park Place Porsche and several others in Dallas, Texas and NONE OF THEM WILL STAND UP AND FIX OR EVEN OFFER TO HELP THEIR CUSTOMER. Therefore, I will ensure that EVERYONE I CAN TALK TO WILL KNOW OF THE WAY I HAVE BEEN TREATED BY PORSCHE. Ferdinand Porsche would roll over in his grave if he KNEW all he had worked for, his reputation, is being soiled by executives that are more interested in making money than taking care of their customers. I am even embarrassed to admit I am German. Now I have a paperweight and does Porsche stand behind it? Noooo! Let an American car company try to get away with that and they would be sued to Bankruptcy court and back again. I have submitted my paperwork to the Court anyway and sent a letter to the judge presiding.