$100 Payouts Available for Drivers from $1.2B Settlement – Don’t Miss Out

Drivers who purchased or leased vehicles in the U.S. between 2002 and 2018, or paid to replace specific vehicle parts, may still be able to claim a $100 payment from a massive $1.2 billion settlement, despite the filing deadline passing. Recent emails sent to eligible customers have clarified that the payments are part of the long-running automotive parts antitrust settlement, stemming from lawsuits accusing manufacturers of raising vehicle component prices unfairly.

Although the settlement’s deadline to file a claim has passed, many recipients are still being informed they are entitled to a payment. The official settlement website confirms that qualifying vehicle owners can receive up to $100 as part of the settlement funds.

Also Read – MASSIVE Retailer Closes 850 Locations: Impact on Utah and Nevada Shoppers

This settlement is the result of more than 12 years of litigation involving the largest criminal antitrust investigation in U.S. history. Over 40 actions were brought against more than 160 defendants regarding alleged anti-competitive practices and conspiracies within the auto parts industry. Though the manufacturers denied wrongdoing, they agreed to the settlement to resolve the claims.

The current payouts are part of the fourth and fifth rounds of the settlement, with round four approved by the U.S. District Court for the Eastern District of Michigan Southern Division in September 2020. The fifth round was approved in February 2023.

In related news, New York residents using rideshare services like Uber and Lyft will soon see additional charges due to a new $9 congestion fee for vehicles entering Manhattan’s designated zones. However, Lyft has announced a new credit program to help riders offset the additional costs, offering a $1.50 credit per ride to use on future trips.

Meanwhile, the introduction of “blackout” license plates in Minnesota has been met with overwhelming demand. More than 250,000 vehicles now sport the sleek, black-and-white design, far exceeding state officials’ expectations for the first year of availability.

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