BMW Class Action Lawsuit Objection Asks For $1.14 Billion
In the latest update of what has already been a two-year class action lawsuit against BMW, the law office carrying out the suit is insisting that victory is not enough.
The dispute, which centered around faulty high-pressure fuel pumps and waste gates in an estimated 200,000 BMWs with twin turbos, came to an unsuccessful settlement. BMW offered to pay between $50 and $400 or to offer up to $800 in BMW vouchers to each customer and to fix the defect free of charge, a paltry sum that failed to satisfy the Law Offices of Hovanes Margarian, which said the offer asks class members to waive their legal rights without being properly informed.
Instead Margarian is insisting on increasing the penalty paid out by BMW to $1.14 billion, a $72 million increase. The firm is also insisting that the case be reviewed and sub-divided so that affected parties in states with lemon laws call for significant if not total remuneration may enjoy the benefits those laws entail, as well as class members who qualify for larger compensation and those who qualify for smaller awards.
The objection to BMW’s offer is scheduled for March 16.
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Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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