Angeion Group, a Hyundai theft settlement administrator, has announced that a settlement has been reached in a product liability class action lawsuit in California federal court.
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This lawsuit alleges certain 2011-2022 model year Hyundai vehicles contain design flaws, including the failure to manufacture the Class Vehicles with an anti-theft device called an engine immobiliser, that make them susceptible to theft and damage.
The group says that settling defendants Kia-Hyundai have agreed to the establishment of a Common Fund of at least $80,000,000 and up to $145,000,000 for the payment of approved Claims for certain out-of-pocket, uncompensated losses incurred as a result of a Qualifying Theft or Qualifying Theft Attempt.
Additionally, a Software Upgrade that will prevent vehicles locked with a key or key fob from starting without the key being present is available for certain Class Vehicles
The Software Upgrade will be performed at no cost on all eligible Class Vehicles brought to an authorised Hyundai dealership without need for request by the Class Member.
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By GlobalDataSoftware Upgrade eligible vehicles are also eligible for reimbursement up to $250 for lost income and/or childcare costs resulting from the implementation of the Software Upgrade, reimbursement up to $50 for a steering wheel lock and reimbursement for OEM-issued key fobs purchased at the direction of a Hyundai dealership to implement the Software Upgrade (subject to a cap of $350 per key fob, with a limit of up to two key fobs per Class Vehicle).
For Class Vehicles not eligible for the Software Upgrade, reimbursement up to $300 for the purchase and installation of steering wheel lock, glass breakage alarm or similar anti-theft system is available, or up to $250 if customers have already received a steering wheel lock from Hyundai (directly or indirectly).
