IMS Failure - Need Advice

[Mark Beardsley]

I have a 2004 Boxster S, 550 Spyder Anni Edition, with 32K miles. I purchased the car less than 12 months ago.

The IMS bearing went out with no warning, so now the engine is toast.
Porsche USA will not help.
After driving for 40+ years and 25+ cars later, this is the 1st car I have owned that had an engine failure.

I need help to determine what my options are?
Has this happened to anyone and what did you end up doing?

Help !!

Mbeardo