Stoaty said:
LTLFTcomposite said:
Hearing all this talk about people lawyering up it's that much more obvious to me why GM just said collect up all the EV1s. Honda too is smart to keep it lease only until battery degradation is thoroughly understood...
I haven't heard much about lawyering up, just opting out of the settlement the lawyers negotiated to preserve rights to lawyer up in the future if it becomes necessary.
Also, you have to remember that Nissan was the one that claimed they had been working on their Lithium ion batteries for about 17 years, had thoroughly tested the battery including their testing track in Arizona, and were stating that on average an owner would get 10 years (=125,000 miles based on their own model) of life until 30% capacity loss. Currently it looks like only those in Seattle area or the Northeast can expect that sort of longevity, while those in "normal" climate are probably going to get about 6.5 years. Nissan got themselves into this mess, which is what Elon Musk predicted back in 2010.
+1 I did happen to talk you my HS friend, who also happens to be my attorney. He told me it is a common occurrence that class action benefits the lawyers who pursue the class action and the average joe, who is in the class, gets nothing meaningful.
In our case, as I understand it, remaining in the class actually has us passively giving up any future rights. Granted, I am very happy with my LEAF, and hope it remains that way.
However, what the class action attorney negotiated, on my behalf, seems on face value, opportunisitic, self-dealing, and perhaps even legal malpractice, and IF there was an intentional act to omit information on the summary mailing with intent to conceal or manipulate, a case of legal malpractice, or even a criminal act.
So I've decided I will opt out prior to the deadline, as there is nothing to be gained for me by remaining in the class.
Moreover, regarding the 2 milliion dollars of underserved revenue settlement the lawyers think they have gained, well, may it "blow up" in their laps... At least that is my sentiment at the moment...