Financial News
Wirtz Law Says Chevy Bolt Owners in California May Receive Greater Compensation by Opting Out of Class Action Settlement
San Diego, California – Chevy Bolt owners are being advised to consider opting out of a class action lawsuit settlement to potentially secure greater compensation for issues related to their vehicle’s battery. Wirtz Law, a California-based lemon law firm has highlighted the benefits of this approach in a recent article.
The settlement in question includes owners of model year 2017-2022 Chevrolet Bolts built and shipped to a dealer on or before August 19, 2021. This applies to owners who have not received a buyback of their vehicle from General Motors (NYSE:GM) or an authorized GM dealer.
In October 2020, the National Highway Traffic Safety Administration (NHTSA) initiated an investigation into battery fires occurring in 2017-2020 Chevrolet Bolt models. Subsequently, in November 2020, a recall was issued to replace defective batteries if necessary and to install new software.
Despite these measures, incidents of Chevy Bolt battery fires persisted, leading General Motors (GM) to announce additional recalls in both July and August of 2021.
In the article, “Why Is It a Good Idea To Opt-Out Of Class Actions?” Wirtz Law outlines several reasons why some individuals may choose to opt out. Ethical, moral, or ideological objections to the case are significant factors for some. Additionally, vehicle owners who are business clients of General Motors might be hesitant to compromise their relationship with the defendant.
However, the most compelling reason is financial. “The Class Action does not provide for payment of all your damages,” said Richard Wirtz, founding attorney of Wirtz Law. “Potential damages and recovery under California lemon law are often greater than an extended warranty or other benefits offered in a class action settlement.” California’s lemon law allows for civil penalties that can amount to up to two times an owner’s actual damages.
Wirtz Law is offering free consultations to help California-based Chevy Bolt owners determine if opting out of the class action is the best strategy to recover their losses. The firm emphasizes that individual lawsuits can often provide more comprehensive compensation than what is typically available through class action settlements.
Experienced lemon law attorney and litigator, Richard Wirtz explained further: “Many class actions result in settlements that may offer limited benefits such as extended warranties or minor financial compensation, but they do not necessarily cover the full extent of the owner’s damages. By opting out, vehicle owners can pursue a claim under the California lemon law, which may result in a more favorable outcome.”
For those affected, understanding the potential advantages of opting out could mean a significant difference in compensation. Wirtz Law encourages Chevy Bolt owners to seek legal advice to explore all available options.
This advisory comes at a crucial time as many Chevy Bolt owners grapple with decisions on how to address the ongoing issues related to their vehicle’s battery. Wirtz Law continues to provide insights and legal support for those navigating this complex landscape.
CASE INFORMATION
U.S. District Court for the Eastern District of Michigan
Altobelli et al., v. General Motors LLC
Case No. 2:20-cv-13256
Wirtz Law tries more cases to jury verdict in a year than most attorneys attempt in a career. Over the past several years, Wirtz Law has recovered millions for California consumers like you and is one of the most respected lemon attorneys in the state.
Wirtz Law
4370 La Jolla Village Drive Suite 800 San Diego, CA 92122
(858) 879-3557
https://www.wirtzlaw.com/
Press Contact : Richard Wirtz
Distributed by Law Firm Newswire
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.