GM Coolant Settlement Could Cost Hundreds of Millions
By Edward Niedermeyer
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The General has settled a class-action lawsuit claiming damages from its "Dexcool" coolant, agreeing to pay up to $800 each to customers who can prove damages. Plaintiff attorneys estimate that the final number of claims could top $20 million, a bill which would cost GM of hundreds of millions of dollars. "It could be multiple nine figures; it depends on how many people make the claim," co-counsel for the plaintiffs, Jack Brady tells the International Herald Tribune . "I think it could be a huge settlement." Of course, while the people who had to replace manifold gaskets and heater cores get between $50 and $800 for repairs, Mr Brady and his co-counsels will pocket up to $23 million in fees and $2.8 million for expenses. Still, if you own a GM vehicle with the 3.1-liter or 3.4-liter V6 engines for model years 1995 to 2003; the 3.8-liter V6 engines for model years 1995 to 2004; or the 4.3-liter V6 engines for model years 1995 through 2000 and have had to pay for coolant-related damages, you should check dexcoolsettlement.com to file a claim.



GM agrees to settle class-action lawsuits tied to engine coolant

The Associated PressPublished: March 26, 2008



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KANSAS CITY, Mo.: General Motors Corp. has agreed to settle a series of class-action lawsuits claiming a faulty engine coolant damaged thousands of customer vehicles.
Under the settlement, GM would reimburse class members between $50 and $800 for repairs linked to Dex-Cool, an orange coolant that GM included in cars and trucks beginning in 1995.
The total cost to GM will depend on the number of customers claiming damages, but the plaintiffs' attorneys estimate the settlement could cover up to 20 million initial and secondary buyers of GM vehicles that used Dex-Cool. They also say the price tag could reach the hundreds of millions of dollars.
A California state court gave preliminary approval to the settlement last week and a Missouri court plans to consider it Friday.
"We fought for about five years to recover monetary damages for people that would be meaningful and I think we achieved that," said San Francisco plaintiff attorney Eric Gibbs, who estimated most people spent between $600 and $900 for repairs. "The recovery for most of the people will be pretty good."
GM spokesman Tom Wilkinson said the company was not admitting any wrongdoing but is settling the case to cut down on legal bills.
"Our experience with Dex-Cool is that when the cooling system is kept full and properly maintained we haven't seen any problems," he said. "These kinds of things appear to be issues of low coolant, which isn't unusual with high-mileage vehicles, so we decided to agree to the settlement."