Drivers could receive one-off $10,000 payment after Hyundai ‘misinterprets’ claims – who qualifies

MORE than two dozen drivers are set to recover $10,000 after Hyundai reached a settlement in Federal Court.

Hyundai has agreed to pay nearly $334,000 to settle a lawsuit alleging the company improperly repossessed cars.

two

two

The terms of the agreement include payments of US$10,000 to 26 military personnel and US$75,000 to the US government.

The plaintiffs alleged that the company repossessed their vehicles while they were on active duty, according to Superior Class Shares.

Navy aviator Jessica Johnson, one of the soldiers listed in the lawsuit, purchased a Hyundai in 2014.

Johnson enlisted in 2015 and claims he sent military orders to the company.

Military members are protected from debt collection by the Servicemembers Civil Assistance Act while on active duty.

The 1940s law included benefits for military personnel such as reduced interest rates, protection against eviction, and the ability to postpone civil court proceedings.

The law aims to ease the stress and financial burden on military personnel, allowing them to focus on their duties without worrying about legal or financial issues at home.

But according to the lawsuit, the company allegedly repossessed Johnson’s car in 2017.

“Hyundai sold its vehicle in October [2017] for $7,400,” the suit alleged.

“On or about the repossession date, Navy Airman Johnson still owed $13,796 on the financing agreement.”

Johnson said he called the company several times to prove they had “misinterpreted” his military orders.

The lawsuit claims the company admitted guilt in its case in 2020.

The federal government said Johnson was one of 26 service members who were affected by the improper reinstatements.

In a statement to The US Sun, Hyundai said the company “is proud to support our military and their families.”

“To resolve the matter, support our clients and allow us to focus on the future, we have entered into an agreement with the Department of Justice.”

Hyundai added that the settlement does not include an admission of guilt.

In the settlement, Hyundai also agreed to establish new procedures to remain in compliance with federal law.

The company also said it would work to repair the credit scores of affected service members.

What is a class action settlement?

Class action lawsuits offer groups of people, or “classes,” a way to come together in court.

These lawsuits are often filed by one or a few people who allege that a company or other entity has harmed a large group of people.

When a lawsuit becomes a class action, it extends to all “class members,” or people who may have similar claims to those who filed the lawsuit.

Companies often settle class actions – offering payment to class members who typically waive their right to pursue legal action by accepting money.

These payment agreements often include statements from the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.

Pollution, discrimination or false advertising are some examples of what can lead to a class action lawsuit at a company’s door.

Hyundai has long been one of the companies that offers discounts to military personnel.

The company is offering a $500 Military Program bonus to active members who purchase new cars.

Hyundai also contributed $50,000 to Folds of Honor in May, a scholarship fund for spouses and children of deceased or disabled military personnel.