First Round of Settlements: Distribution for First Round claims is scheduled for April 9th, 2018.
Second Round of Settlements: Dealer claims are being reviewed. Much of the information that dealers submitted in the First Round will also support their Second Round claims. We expect to distribute funds from this larger Second Round of Settlements in the third quarter of 2018. Also, a third round is currently in the court review process and class counsel are already aggregating settlements for a fourth round to follow.
Thank you for your patience. This has been a challenging process, but Class Counsel and the Administrator believe that it was important to take the time needed to get the details right for this complicated and complex settlement distribution. We are looking forward to distributing settlement funds to auto dealers in the Spring and Summer of 2018, and also anticipate at least a Third and Fourth Round of Settlements in the future.
In the News: The matter has recently been featured in Automotive News. If you would like to read the article, please find it here.
Statement of Class Counsel on Claims Processing for the First Phase
The response from auto dealers to the auto parts settlement has been robust. The claims administrator has received over 3,000 claims, involving tens of millions of eligible new automobiles. The claims represent a substantial percentage of the total population of possibly eligible dealerships. The documentation supporting these claims has been submitted in different formats and with different levels of substantiation. The claims administrator and class counsel have been working through these claims diligently since the claims period expired. The claim administrator continues to work to verify timely-filed claims. Once this process is complete, the process of distributing the funds will be carried out. The resulting data set can and will be used for processing subsequent auto dealer settlements.
Lawsuits involving the prices of certain vehicle component parts have been settled with certain Defendants in various class actions in this litigation.
You can make a claim for money benefits if you are an automobile dealership that indirectly purchased certain component parts and/or purchased new vehicles containing these parts (“Dealers”) in the District of Columbia or one or more of the following states: Arizona, Arkansas, California, Florida, Hawaii, Illinois, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, and Wisconsin.
This is the second group of settlements that provide benefits to eligible Dealers. Please note that the claims filing deadline for the first group of settlements was May 15, 2016 and the deadline for the second group of settlements was April 28, 2017. It is too late to file a claim for the first or second group of settlements.
Important Dates - Round 2
Claim Deadline: April 28, 2017
Opt-Out Deadline: October 28, 2016
Objection Deadline: October 28, 2016
Final Approval Hearing: November 16, 2016 at 1:30 p.m.