Were You Affected By IMS Failure? You May Be Entitled to Some Reimbursement
According to a recent report from Attorney Stephen M. Harris who has been representing Porsche owners who were affected by IMS failure on their Porsche Boxster and Porsche 911, model years 2001 through 2005, Porsche will be reimbursing current and prior Porsche owners and Porsche lessees who owned or leased a Porsche Boxster and Porsche 911, with documented out-of-pocket money spent on repairs to the vehicle related to an IMS failure. The reimbursed amount will be adjusted based upon the number of miles the vehicle had at the time of repair.
A settlement has been reached in this lawsuit and the attorney who represents the certified class of Porsche owners, Stephen M. Harris, worked hard to ensure that the terms of the settlement are highly beneficial to those affected by the IMS failures in the Porsche Boxster and Porsche 911, model years 2001 through 2005.
The lawsuit claimed that 2001-2005 model year Porsche Boxster and 911 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. Plaintiffs assert that the Intermediate Shaft (“IMS”) in the engine of the Porsche Boxster and Porsche 911, model years 2001 through 2005, is defective. An IMS failure can cause catastrophic engine failure which may result in repair bills costing thousands and thousands of dollars.
The Eisen v. Porsche Cars North America., Inc. class action lawsuit was filed to help current and prior Porsche owners and Porsche lessees obtain reimbursement for out-of-pocket monies spent on repairs caused by the defective IMS.
The settlement of this lawsuit represents a wonderful result on behalf of Porsche owners, former owners and lessees who have had to pay out-of-pocket costs related to repairing or replacing an engine which sustained damage as a result of a defective IMS.