I OBJECT - to the IMS Settlement

[thom4782]

Today I filed my objection to the proposed IMS settlement. I did this because my 01S did not suffer IMS caused engine damage within the 10 year limit and the settlement provides no benefit to me. My grounds for objection, however, focused on concerns that affect many class members. They were:

1) The settlement fails to compensate all those class members who 1) knew of the IMS problem and its costly consequences and proactively installed new aftermarket IMS bearings to substantially reduce the risk of future IMS failures

2) The percentage reimbursement differentials treats unfairly class members whose cars did not come with a CPO but were still covered the Porsche warranty

3) The settlement fails to compensate all those class members who 1) knew of the IMS problem and its costly consequences and 2) proactively installed new aftermarket IMS bearings to substantially reduce the risk of an future IMS failure

If you have similar or different concerns, I would urge you to also object to the settlement. Opting out, which preserves the right to sue for damages individually, is of no benefit. The litigation costs would far exceed the price of installing a new engine. The court's address is:

Clerk of the Court
United States District Court for the Central District of California
312 North Spring Street
Los Angeles, CA 90012