Ford Transmission Lawsuit Settlement

A Ford transmission lawsuit was recently filed in the U.S. District Court for the Central District of California. The lawsuit was filed in the name of Vargas, et al. v. Ford Motor Company. The lawyers who filed the suit were Berger & Montague P.C. and Zimmerman Law Offices P.C. In addition to the plaintiffs, the lawsuit has a class of people that represents many other drivers with the same problem.

Class action settlement

The Ford transmission class action settlement is a major step in the process of fixing the problems in Ford cars. Class members have until Oct. 5, 2020, to file their claims. They must do so within 180 days of the date they received repairs. However, if you have already filed a claim, you can make changes to it. The settlement site notes that the claims are being processed at the same time. However, this could be delayed due to the COVID-19 outbreak, which resulted in a large number of claims and subsequent delays.

The Repurchase benefit is a powerful relief for the Class, and it extends the lemon law statute of limitations to favor Class Members. It also establishes a fallback standard under which Class Members may receive a Repurchase if their vehicles have undergone four transmission hardware repairs within five years or 60,000 miles of purchase. If they are not satisfied with the settlement, they may opt to take their vehicles to an independent repair shop.

Class members

As a result of the Settlement, a number of benefits have been awarded to Class Members. First, Ford is paying up to $6,000 in attorneys’ fees to Class Members who prevail in arbitration. Additionally, the Settlement provides a sworn declaration for $20 for each Class Member who testifies that their transmission has been faulty for at least five years. This is an important victory for Class Members who have been denied service and are concerned about their cars’ performance.

Despite the settlement, Ford continues to face multiple court cases related to its defective transmission. In one of the most recent, a Ford Focus owner received a verdict of more than $550,000. However, every case is different and results vary, but the verdict indicates that the company is on the back foot. Congress has called for investigations into the company, but to date, no new laws have been introduced to address the problem. So, what can class members expect in the meantime?

Class size

If you have suffered a faulty transmission in a Ford vehicle, you may be eligible to receive a settlement for your case. Ford has quietly settled hundreds of transmission lawsuits, and some of these cases are worth billions of dollars. But if your claim is not one of those, you can still get money by filing a private lawsuit against the automaker. In this case, the plaintiff is required to submit a detailed description of the vehicle’s problems, so that the Arbitrator can determine how much money you’re entitled to.

The settlement includes a large class of affected Ford customers, including those who purchased a model of the F-150 from 2012 to 2016. It covers problems with the company’s transmission, as well as other related issues. Those who bought the F-150 from 2011 to 2016 will receive a two-year, 40,000-mile extension on the warranty period. The 2018 F-150 has been recalled eleven times since it was first sold.

Class members’ rights

The Settlement in the Ford transmission lawsuit has a few big benefits for Class Members. First of all, it extends the statute of limitations for Claimants. Then, there is a fallback standard enacted by the Court. In this case, a Class Member can repurchase their car if they’ve had four repairs to the transmission hardware in the last five years or 60,000 miles. Secondly, a Repurchase is authorized if the vehicle’s problems are not solved by the Ford dealerships.

The settlement allows Class Members to receive several types of compensation for their cars. These compensation options include Vehicle Repurchase, Cash Payments for Transmission Hardware Replacements, Software Flashes, and Compensation for Denied Repairs. For the former, cash payments are made on a pre-paid card. The latter benefit depends on state lemon laws. In any event, the settlement stipulates that all claims filed under the case will be processed in the same way. However, this process was slowed due to the outbreak of the COVID-19 virus, which caused a huge number of claims.

Filing a claim

Consumers who have had trouble with their transmissions may be able to file a lawsuit against the automaker, which recently settled a class-action lawsuit over faulty transmissions. The settlement covers models with a “PowerShift” dual-clutch transmission. It also provides compensation for transmission reflashes, which may cost up to $600. The settlement is based on the facts of the individual case, not a generalized formula.

The class-action lawsuit can result in millions of dollars for attorneys and a favorable net effect on consumers. Ford customers can file a lawsuit to demand repairs for their transmissions. They can also seek diminished value compensation. The deadline for filing a Ford transmission lawsuit claim is April 25, 2017.