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Case ID: 4336 | Automotive | 11/02/2005
DaimlerChrysler's North American financing arm has tentatively settled class-action lawsuits brought by minority customers in Chicago and New Jersey who alleged racial bias in the automaker's lending policies. DaimlerChrysler Services North America, agreed to spend $3.5 million to provide DaimlerChrysler employees with anti-discrimination training and sponsor consumer financial literacy programs in minority communities. In addition, under the terms of the settlement, DaimlerChrysler Services will also contribute $1.8 million to non-profit groups to assist and educate consumers on lending practices. "The company is changing its practices instead of paying money out,'' said one of the consumer attorneys in the case.
The settlement comes more than two years after a group of African American and Hispanic customers filed a lawsuit alleging they were discriminated after Chrysler evaluated their credit applications. The case was filed in U.S. District Court of the District of New Jersey. According to the settlement, DaimlerChrysler Services North America will limit the amount dealers can mark up interest rates and will offer several billion dollars in no mark-up loans to African American and Hispanic customers, according to the settlement filed in federal court in New Jersey. "The markups were costing consumers several hundred dollars to more than $1,000 per car, depending on the value of the car and the length of the loan,'' said one of the lawyers for consumers in the case.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Automotive Cases of Interest State "lemon laws" are designed to protect consumers who have purchased a vehicle that turns out to be so defective that numerous attempts to fix all its problems are insufficient. A class action has been filed against the nation's three leading automobile manufacturers on behalf of Ohio residents who leased or purchased an automobile from Ford Motor Company, DaimlerChrysler Corporation, or General Motors Corporation and who, after going through the Ohio Lemon Law Dispute Resolution Board, had a "reasonable use" charge deducted from the refund that they received. Federal antitrust law allows triple punitive damages against entities that are found guilty of unlawfully tampering with the free enterprise system. 63 different class actions have been filed against automotive paint manufacturers on behalf of all persons and businesses purchased automotive paint from January 1, 1993 to at least December 31, 2000. The action alleges that the companies conspired together in violation of U.S. antitrust laws to fix automotive paint prices across the U.S. The class has been certified in an action filed against Ford Motor Company on behalf of all Ohio residents who own or lease 1999 or 2000 Mercury Villagers. The action alleges that the throttle body assembly on the vans is defective, and causes the gas pedal to lock in place without warning. The action alleges violations of Ohio consumer protection laws, and seeks unspecified compensatory damages. Persons eligible to take part in the action may contact the attorneys for the class for more information. A class action has been filed against the Banc One Acceptance Corporation on behalf of all Florida residents who leased cars from Banc One between October 16, 1998, and October 16, 2003, and who paid "taxes" on itemized fees for wear and tear, excessive mileage and disposition of the vehicles at the end of their lease. The lessees claim that these "taxes" were merely hidden fees and that Banc One either pocketed the "tax" money, or benefited from it prior to forwarding it to the Department of Revenue.
The parties have reached a tentative $1.5 million settlement of a class action filed against automotive parts manufacturer Federal-Mogul Corporation (OTCBB: FDMLQ, formerly NYSE: FMO) and certain of its officers and directors by stockholders who purchased the company's common stock between October 22, 1998, and May 25, 2000. To recover under the settlement, a completed proof of claim postmarked no later than January 9, 2004, must be mailed to the claims administrator. A class action lawsuit was filed in the Eastern District of Michigan on behalf of
plaintiffs, against the Automobile Club of Michigan. The lawsuit alleges violation of ERISA against defendant Automobile Club of Michigan (AAA), failure to maintain records; failure to credit hours of service required by ERISA; and violation of FLSA Claims (Fair Labor Standards Act) against defendant Automobile Club of Michigan. |
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