Coolant Pipe Settlement $4.5 million for the lawyers
#1
01-19-2014, 06:50 PM
Join Date: Apr 2009
Location: The Woods
Posts: 29
Rep Power: 17 
Coolant Pipe Settlement $4.5 million for the lawyers
The lawyers will get $4.5 million . . .
http://coolantpipesettlement.com/
According to the settlement website, the lawyers will get $4.5 million.
I get the opportunity to pay $2,200 at my dealership in Minnesota and the possibility of getting $1,500 refunded sometime after the March 2014 hearing.
My 2006 Turbo S has 59,950 miles on the odometer as I type this today. I purchased it CPO from the local dealership after somebody leased it for 3 years. My dealership indicates the last time they replaced a customer's tubes it was about $2,200. I have the plastic pipes and 49 miles left before my possible reimbursement drops from $1,500 to $1,200 for a preventative replacement at the dealership.
Since I am not even sure we will get the "refunds" after the March hearing, I will certainly blow past the 60,000 mile cutoff this week and reduce my possible reimbursement. As it stands, if the hearing goes in "our favor", the lawyers will get the $4.5 million and I will get the opportunity to replace the pipes at my dealership for $1,000 (I pay $2,200 up front and get $1,200 refunded later).
The "fairness hearing" must just apply to the lawyers.
http://coolantpipesettlement.com/
According to the settlement website, the lawyers will get $4.5 million.
I get the opportunity to pay $2,200 at my dealership in Minnesota and the possibility of getting $1,500 refunded sometime after the March 2014 hearing.
My 2006 Turbo S has 59,950 miles on the odometer as I type this today. I purchased it CPO from the local dealership after somebody leased it for 3 years. My dealership indicates the last time they replaced a customer's tubes it was about $2,200. I have the plastic pipes and 49 miles left before my possible reimbursement drops from $1,500 to $1,200 for a preventative replacement at the dealership.
Since I am not even sure we will get the "refunds" after the March hearing, I will certainly blow past the 60,000 mile cutoff this week and reduce my possible reimbursement. As it stands, if the hearing goes in "our favor", the lawyers will get the $4.5 million and I will get the opportunity to replace the pipes at my dealership for $1,000 (I pay $2,200 up front and get $1,200 refunded later).
The "fairness hearing" must just apply to the lawyers.
#2
01-19-2014, 06:57 PM
Registered User
Join Date: Apr 2012
Location: Boise, Idaho
Age: 50
Posts: 913
Rep Power: 97 
#3
01-22-2014, 06:55 PM
I feel your pain. "Lucky" for me my pipes broke on the highway a few years ago at about 55k miles. I should get $1800 back out of the $2200 I paid. I'm still out $400 for someone else's design flaw AND I've lost the investment potential on that $1800 over the last 3 years.
#4
01-22-2014, 08:16 PM
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Join Date: Jun 2008
Location: Colorado / L.A.
Posts: 1,962
Rep Power: 114
When court cases are involved, the lawyers are the only one's guaranteed to make out. But, with no lawyers, no case. It's a catch 22.
#6
01-29-2014, 12:16 AM
Yeah, I got my letter. I'm going to submit, I had mine go early in the car's life so Porsche replaced them.
It's interesting because now the 955/957s are leaking water in the interior foot wells. Looks like another lawsuit looming.
Unreal some Cayenne's cost over $100k (mine was $106k new) and poor engineering would lead to water leaking in the interior foot wells.
Pepper's are awesome cars, but I expected more from Porsche (this is my first).
It's interesting because now the 955/957s are leaking water in the interior foot wells. Looks like another lawsuit looming.
Unreal some Cayenne's cost over $100k (mine was $106k new) and poor engineering would lead to water leaking in the interior foot wells.
Pepper's are awesome cars, but I expected more from Porsche (this is my first).
Last edited by fat911; 01-29-2014 at 12:18 AM. Reason: grammar
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