Humphrey, Farrington & McClain is pleased to announce final court approval of a $145 million settlement with Hyundai and Kia. This landmark settlement compensates vehicle owners for theft-related losses due to security vulnerabilities in certain models manufactured without an engine immobilizer. The settlement addresses claims that a defect left millions of Hyundai and Kia vehicles particularly susceptible to theft.
As part of the settlement, Hyundai and Kia will establish a common fund of up to $145 million to compensate affected owners. Eligible claimants may receive reimbursements for out-of-pocket expenses resulting from vehicle theft or attempted theft, covering up to 60% of the vehicle’s Black Book value for a total loss or up to 60% of cost of repair and personal property damage or $3,725, whichever is greater. The settlement also includes up to $375 for insurance-related costs and $250 for expenses related to towing and alternate transportation.
Hyundai and Kia are required to provide a free software upgrade for eligible vehicles, improving anti-theft protections. For vehicles that cannot receive the software update, the settlement offers up to $300 for security modifications, including the purchase of steering wheel locks, glass-breakage alarms or other after-market anti-theft devices. Drivers who incurred expenses for key fobs or other necessary items for the software installation may also qualify for reimbursement.
Humphrey, Farrington & McClain served as counsel for the Plaintiffs, along with attorneys from Hagens Berman Sobol Shapiro LLP, Fegan Scott LLC, and Baron & Budd, P.C.
HFM is known for its record of success in large-scale consumer protection and has led several notable class actions on behalf of affected consumers. This settlement reflects a significant victory for consumers nationwide, ensuring affected Hyundai and Kia owners have access to necessary compensation and enhanced security measures.
