A federal judge on Wednesday declined to approve a proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle thefts, saying it fails to provide “fair and adequate” relief to vehicle owners.
The proposed settlement,could be valued at $200 million and covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S., the companies said at the time.
These cars are not equipped with push-button ignitions and immobilizing anti-theft devices. That has allowed thieves to easily steal them using just a screwdriver and a USB cord, creating a recent rash of auto thefts across the country. The proposed settlement would offer vehicle owners cash payments for theft-related damage and a voluntary recall to update theft-protection software. But U.S. District Judge James Selna raised concerns about the process for calculating payments and the adequacy of the software update in preventing future thefts.
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