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Case ID: 4336 | Automotive | 11/02/2005
DaimlerChrysler's North American financing arm has tentatively settled class-action lawsuits brought by minority customers in Chicago and New Jersey who alleged racial bias in the automaker's lending policies. DaimlerChrysler Services North America, agreed to spend $3.5 million to provide DaimlerChrysler employees with anti-discrimination training and sponsor consumer financial literacy programs in minority communities. In addition, under the terms of the settlement, DaimlerChrysler Services will also contribute $1.8 million to non-profit groups to assist and educate consumers on lending practices. "The company is changing its practices instead of paying money out,'' said one of the consumer attorneys in the case.
The settlement comes more than two years after a group of African American and Hispanic customers filed a lawsuit alleging they were discriminated after Chrysler evaluated their credit applications. The case was filed in U.S. District Court of the District of New Jersey. According to the settlement, DaimlerChrysler Services North America will limit the amount dealers can mark up interest rates and will offer several billion dollars in no mark-up loans to African American and Hispanic customers, according to the settlement filed in federal court in New Jersey. "The markups were costing consumers several hundred dollars to more than $1,000 per car, depending on the value of the car and the length of the loan,'' said one of the lawyers for consumers in the case.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Automotive Cases of Interest State "lemon laws" are designed to protect consumers who have purchased a vehicle that turns out to be so defective that numerous attempts to fix all its problems are insufficient. A class action has been filed against the nation's three leading automobile manufacturers on behalf of Ohio residents who leased or purchased an automobile from Ford Motor Company, DaimlerChrysler Corporation, or General Motors Corporation and who, after going through the Ohio Lemon Law Dispute Resolution Board, had a "reasonable use" charge deducted from the refund that they received. Kahn Gauthier Swick is investigating possible legal actions on behalf of persons injured or killed in motor vehicle accidents. Over 41,000 people are killed in motor vehicle accidents in the United States every year. The unfortunate practice of insurance credit scoring is legal under federal law, with some limitations. Four similar class actions have been filed against auto insurance provider Progressive Corporation and related companies on behalf of policyholders who allege that the insurers do not advise them that it uses their credit reports in deciding to force them to pay higher premiums than others, in violation of the federal Equal Credit Opportunity and Fair Credit Reporting acts.
Vehicle leases, like other contracts, are governed by the actual language within the contract itself, and the parties may not add or subtract anything from that agreement. A Florida class action has been filed against auto leasing company U.B. Vehicle Leasing, Inc., on behalf of vehicle lessees who allege that the company charged them "taxes" that were actually just undisclosed fees to cover wear and tear, and excess mileage on the vehicles, in violation of Florida consumer protection laws and the federal Consumer Leasing Act. The class has been certified in an action filed against State Farm Automobile Insurance Company on behalf of Nebraskans who were hurt in auto accidents, and who allege that the company overcharged them for managed care medical coverage under the guise of traditional indemnity medical coverage. The action alleges that State Farm overcharged consumers 15% to 20% for their coverage, in violation of Nebraska's Consumer Protection Act and the Deceptive Trade Practices Act. A U.S. district judge recently certified a national class-action lawsuit brought by a Detroit businessman against Illinois-based Caterpillar Inc. over diesel engines the company makes for large yachts. |
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