986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - POLL: Your Response to the IMS Class Action Settlement (by 10-15-2013)

jggibson · 10-05-2013, 02:22 PM

I believe this settlement to be a "sweet" deal for Porsche. They have put a box around their losses (limited their losses) with this settlement. About 3/5 (and growing) of the class vehicles that have not yet experienced a failure are excluded from any future IMS loss reimbursement. (They have >135,000 miles or have been in service over 10 years).

You can see from the results of this survey that most respondents are going to do nothing. That is what Porsche is counting on. The only way you protect yourself and preserve your future rights to join litigation is to OPT OUT!

I believe to OBJECT is a risky path. You will still be bound by the settlement and the chances of a favorable change is slim to none, in my opinion.

Jim Gibson

10-05-2013, 02:22 PM	#12
jggibson Long Time Porsche Owner Join Date: Sep 2013 Location: Sedona, Arizona Posts: 2	Opt Out is the appropriate action! I believe this settlement to be a "sweet" deal for Porsche. They have put a box around their losses (limited their losses) with this settlement. About 3/5 (and growing) of the class vehicles that have not yet experienced a failure are excluded from any future IMS loss reimbursement. (They have >135,000 miles or have been in service over 10 years). You can see from the results of this survey that most respondents are going to do nothing. That is what Porsche is counting on. The only way you protect yourself and preserve your future rights to join litigation is to OPT OUT! I believe to OBJECT is a risky path. You will still be bound by the settlement and the chances of a favorable change is slim to none, in my opinion. Jim Gibson