IMS Settletment
#1
07-17-2013, 09:04 AM
IMS Settletment
IMS Settlement Announcement!
Porsche Owners and Lessees Settle Class Action Regarding IMS Engine Failure
July 17, 2013 - Porsche Cars North America agrees to reimburse current and prior 2001 through 2005 Porsche 911 and Boxter owners and lessees for out-of-pocket money spent on IMS engine failure repairs.
The law firm of Knapp Petersen & Clarke announces that a settlement has been reached in a class action lawsuit filed on behalf of certain Porsche owners and lessees who have faced or will face expensive Porsche engine failure repairs because of a defective component part, known as the IMS.
The settlement reached in Eisen v. Porsche Cars North America., Inc. will reimburse present and former owners and lessees of Porsche Boxster and 911 cars, model years 2001 through 2005, for money they spent to repair their vehicle due to a failure of the Intermediate Shaft (IMS), an engine component whose failure can lead to catastrophic engine failure and thousands of dollars in repair bills.
Porsche owners and lessees may be reimbursed up to 100% of their out-of-pocket costs, depending upon the mileage on the vehicle at the time of repair. The reimbursement includes all out-of-pocket engine damage and replacement costs, up to ten years from the vehicle first being placed in service, regardless of whether such damage or loss occurs before or after the notice of this settlement. The Porsche owners and lessees are also entitled up to $200.00 in expenses for mileage and towing.
Class Counsel Stephen M. Harris, of Knapp, Petersen & Clarke is pleased to have achieved a settlement that allows class members to recover their out-of-pocket losses as soon as possible, rather than having to wait
through years of litigation and face the potential risks present in any trial.
"This settlement represents a wonderful result on behalf of current and former Porsche owners and lessees who had had to pay out-of-pocket costs related to repairing or replacing an engine which sustained damage as a result of a defective IMS," Stephen Harris said.
Informative Website Established for Class Members: A website has been established for class members and members of the public to find out more information about the settlement. Please visit www.IMSPorscheSettlement.com to determine whether you are covered by the settlement, obtain a claim form, communicate with Class Counsel, or to learn more about the class action and its resolution.
About Class Counsel, Stephen M. Harris
Stephen M. Harris is a Director of Knapp Petersen & Clarke with over 30 years in the practice of law. Mr. Harris was appointed by the court as Class Counsel in the IMS Porsche Litigation. He attended DePaul
University School of Law, receiving a Juris Doctor degree in 1983.
Contact Information
Stephen M. Harris
Knapp Petersen & Clarke, a Professional Corporation
IMS Porsche Settlement Class Action Lawsuit Information Center | Knapp Petersen & Clarke
818-547-5100
Porsche Owners and Lessees Settle Class Action Regarding IMS Engine Failure
July 17, 2013 - Porsche Cars North America agrees to reimburse current and prior 2001 through 2005 Porsche 911 and Boxter owners and lessees for out-of-pocket money spent on IMS engine failure repairs.
The law firm of Knapp Petersen & Clarke announces that a settlement has been reached in a class action lawsuit filed on behalf of certain Porsche owners and lessees who have faced or will face expensive Porsche engine failure repairs because of a defective component part, known as the IMS.
The settlement reached in Eisen v. Porsche Cars North America., Inc. will reimburse present and former owners and lessees of Porsche Boxster and 911 cars, model years 2001 through 2005, for money they spent to repair their vehicle due to a failure of the Intermediate Shaft (IMS), an engine component whose failure can lead to catastrophic engine failure and thousands of dollars in repair bills.
Porsche owners and lessees may be reimbursed up to 100% of their out-of-pocket costs, depending upon the mileage on the vehicle at the time of repair. The reimbursement includes all out-of-pocket engine damage and replacement costs, up to ten years from the vehicle first being placed in service, regardless of whether such damage or loss occurs before or after the notice of this settlement. The Porsche owners and lessees are also entitled up to $200.00 in expenses for mileage and towing.
Class Counsel Stephen M. Harris, of Knapp, Petersen & Clarke is pleased to have achieved a settlement that allows class members to recover their out-of-pocket losses as soon as possible, rather than having to wait
through years of litigation and face the potential risks present in any trial.
"This settlement represents a wonderful result on behalf of current and former Porsche owners and lessees who had had to pay out-of-pocket costs related to repairing or replacing an engine which sustained damage as a result of a defective IMS," Stephen Harris said.
Informative Website Established for Class Members: A website has been established for class members and members of the public to find out more information about the settlement. Please visit www.IMSPorscheSettlement.com to determine whether you are covered by the settlement, obtain a claim form, communicate with Class Counsel, or to learn more about the class action and its resolution.
About Class Counsel, Stephen M. Harris
Stephen M. Harris is a Director of Knapp Petersen & Clarke with over 30 years in the practice of law. Mr. Harris was appointed by the court as Class Counsel in the IMS Porsche Litigation. He attended DePaul
University School of Law, receiving a Juris Doctor degree in 1983.
Contact Information
Stephen M. Harris
Knapp Petersen & Clarke, a Professional Corporation
IMS Porsche Settlement Class Action Lawsuit Information Center | Knapp Petersen & Clarke
818-547-5100
#2
07-17-2013, 09:41 AM
So if my cars a 06 but the bearing is a 05 they replace it if the engine blew or bearing pissed out oil. I looked under my engine and the bearing had the date 05 on it so im assuming its 05 not 06 bearing. Car was born july 2006
#4
07-17-2013, 12:29 PM
if your build date of the vehicle is beyond feb 20 2005 then you should have the larger single row newer bearing. late model 05s have this bearing that all the 06-08s have.
#5
07-17-2013, 12:31 PM
Carrera - It doesn't look like you'd be covered in any way, since it only mentions cars up to/including MY2005 and isn't based on when the bearing was made. There's a place on the linked website for questions, though.
#6
07-17-2013, 01:13 PM
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It's sad that Porsche would need a class action to do this.
The price of cars and options, and more importantly the stature of the brand, should buy a trouble-free engine, without the need for a class action.
The price of cars and options, and more importantly the stature of the brand, should buy a trouble-free engine, without the need for a class action.
#7
07-17-2013, 02:10 PM
I'm hoping that we find out that's terrific news for or fellow Boxter, 996 and 997 owners! I'm sure we will see in practice what it actually means in dollars recovered to them and hopefully it means that PCNA, might proactively do bearing replacements on other cars. Someone who has the interest will likely post the mileage adjustment factor and other details.
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#8
07-17-2013, 02:46 PM
I just reached out to the law firm handling this to see if they are working on something for the 2005-2008 cars that have had IMS issues. Will let you know if I hear back from them.
#9
07-17-2013, 05:31 PM
Nice, hopefully we get good news, if they cover it. There is really no need to upgrade to a 997.2 unless you really like the new updated PCM.
Last edited by Ynot; 07-17-2013 at 09:53 PM.
#10
07-17-2013, 05:49 PM
I kinda see a date on the case its very faint but it does say 05 on the end of the last numbers.
#11
07-17-2013, 05:50 PM
That sucks its such a pain to worry about a ticking time bomb under my 100k car. Redicules.
#12
07-17-2013, 07:29 PM
The lawyer running the class action responded and said he will look into it. I also sent him the below link which polls 997 owners for IMS failures. Hopefully something good comes of it.
http://forums.rennlist.com/rennforum...lure-mode.html
#13
07-17-2013, 08:15 PM
Registered User
Join Date: Dec 2012
Location: North Carolina
Posts: 38
Rep Power: 20 
I'm hoping that we find out that's terrific news for or fellow Boxter, 996 and 997 owners! I'm sure we will see in practice what it actually means in dollars recovered to them and hopefully it means that PCNA, might proactively do bearing replacements on other cars. Someone who has the interest will likely post the mileage adjustment factor and other details.
#14
07-17-2013, 11:08 PM
JB even though my cars a 06 but has the 05 IMS its still not coverd? I tried matching any of those vins on the site to my car and none matched.
#15
07-18-2013, 06:18 AM
Carrera - I recommend that you and anyone else having questions to direct them to the attorneys involved in the settlement. They have a section for questions on their website. However, the date you see stamped on the IMS doesn't necessarily indicate what design it is. I'm fairly certain there was a quantity of improved design bearings manufactured in '05 and installed on MY06 cars. There's a good article in last month's Excellence on IMS bearings and why they fail if you're interested.
BTW, that you have 100K on your car with no IMS failure is encouraging to owners like me with 30K cars.
BTW, that you have 100K on your car with no IMS failure is encouraging to owners like me with 30K cars.