986 IMS class action law suite - Porsche loses (kind-a)
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I don't get it. They include 2001-2005 vehicles, but exclude vehicles that are more than 10 years old. Me and my 2001 are left high and dry. Oh well :/
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It would make me very happy and my wallet.
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Guess who really won?
15. How will the lawyers be paid? Class Counsel will ask the Court for attorneys’ fees and expenses up to $950,000.00, and $15,000.00 total for all Class Representatives, ($3,750.00 to Bruce Eisen, $3,750.00 to Kymmberli R. Ureda, $3,750.00 to Lee Smith and $3,750.00 to Frederick Nelson-Bonebrake) for their services to the Class. The Court may award less than these amounts. PCNA will separately pay the fees and expenses that the Court awards. These amounts will not come out of the funds for reimbursement payments to Class Members. PCNA has agreed not to oppose these fees and expenses. PCNA will also separately pay the costs to administer the settlement. A copy of Class Counsel’s petition for an award of attorneys’ fees and expenses and request for incentive awards to Class Representatives will be available at www.xxxxxxxxx.com as of [date]. |
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I can't understand how you were represented for free and still complain about the lawyers being compensated. If you are not happy, pony up about a million dollars and file your own lawsuit, you can still opt out of the class action. |
Who cares how much the lawyers make when it is being paid by PCNA and doesn't come out of the class members' pockets? Over the last several years I read posts from the experts on this board and others that a class action for IMSB failure would never succeed and was a waste of time. The experts on the issue even said they would not participate as witnesses, at any price. I have read posts from those who have had IMSB failure complaining that PCNA would not help them with repair or replacement costs. Now somebody has sued PCNA and has apparently achieved something that was thought to be impossible, payment by PCNA for IMSB failures, and someone is critical of how much money the lawyers will get paid? I agree with san rensho. Anybody who is upset with how much money PCNA will pay the Plaintiffs' lawyers should opt out of the class and go it on their own. If and when your IMSB goes bad, just pony up the cash and pay for it. You won't have to deal with any greedy lawyers or pesky lawsuits.
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It only covers single row IMS bearing failures, if I read it correctly.
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Interesting that we now have some failure rates for single row IMS bearings.
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