Porsche IMS Engine Defect Class Action Lawsuit Settlement

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Notices will be mailed tomorrow to thousands of Porsche owners and lessees alerting them to a class action lawsuit settlement concerning an allegedly defective engine component contained in 2001-2005 model year Porsche Boxter and Porsche 911 cars.

The Porsche settlement will resolve a 2011 class action lawsuit (Eisen, et al. v. Porsche Cars North America Inc.) that claims the Intermediate Shaft (IMS) in the engine of these vehicles is defective. An IMS failure can cause catastrophic engine failure, which may result in repair bills costing thousands of dollars.

The Porsche IMS class action lawsuit claims that the Porsche vehicles have experienced or may in the future experience IMS related engine damage before or after their original Limited Warranty or Approved Certified Pre-Owned Limited Warranty has expired, and that certain repairs were required or may be required in the future due to such damage. These repairs can be very expensive. The class action lawsuit was filed to help current and former Porsche owners and lessees obtain reimbursement for out-of-pocket costs spent on repairs caused by the defective IMS.

Porsche denies any wrongdoing but has agreed to provide reimbursements for out-of-pocket repair costs as part of a class action settlement. Porsche will also pay Class Members up to $200 toward documented towing and/or rental car fees related to IMS failure.

The class action settlement will also cover future IMS related engine damage. If your Class Vehicle experiences IMS engine damage after July 17, 2013, you will be eligible to receive a reimbursement for money you spent replacing or repairing the engine up to 10 years after the vehicle was placed in-service or up to 130,000 total miles on the vehicle, whichever comes first. You must promptly notify Porsche by calling 1-800-486-9809 to recover your damages.

Class Members of the Porsche IMS class action settlement include all persons in the United States who currently own or lease or previously owned or leased a model year 2001-2005 Porsche Boxter or 911 vehicle manufactured with an IMS between May 4, 2001 and February 20, 2005, excluding the Turbo, GT2 and GT3 models.

The only way to receive reimbursement from the Porsche class action settlement is to submit a valid Claim Form no later than October 15, 2013.

Claim Forms and more information on your rights in the Porsche IMS Class Action Lawsuit Settlement can be found at www.IMSPorscheSettlement.com.

The case is Bruce Eisen, et al. v. Porsche Cars North America Inc., Case No. 11-cv-9405 CAS (FFMx), U.S. District Court, Central District of California (Western Division).

How to File a Claim for the Porsche IMS Class Action Lawsuit Settlement

Website of the Class Action Lawsuit Settlement Administrator: www.IMSPorscheSettlement.com

Address to submit a claim form (REQUIRED):

The only way to receive reimbursement from the Porsche class action settlement is to submit a valid Claim Form to the following address no later than October 15, 2013:

Eisen IMS Settlement

c/o GCG

P.O. Box 35049

Seattle, WA 98124

Phone Number to call for assistance: 866-254-4760

Model Year: 2001-2005 Porsche Boxter, Porsche 911

Claims must be postmarked by: 10/15/13

Settlement Administrator: Garden City Group

Class Counsel:

Stephen M. Harris

Barry Gammell

K.L. Myles

Grace Corsini

KNAPP, PETERSON & CLARKE

Defense Counsel:

Yvonne Dalton

LEE, HONG, DEGERMAN

UPDATE: On Oct. 27, 2014, a California federal judge allowed an objector to the Porsche class action settlement to withdraw her objection, allowing the settlement to move forward and bringing Class Members who submitted claims one step closer to getting the benefits they have been waiting for.