California Judge Approves Ford Explorer Settlement

By: AP
By: AP

California judge approves Ford Explorer settlement

SACRAMENTO, Calif. (AP) - Ford Explorer owners in Texas are
among about 800,000 nationwide who will be compensated under a
class-action settlement with the auto maker.
But not everyone -- including some Texans -- are happy with the
deal approved yesterday by a California judge.
Lawsuits filed in Texas and three other states claimed that
Explorers lost about $1,000 in resale value because of publicity
stemming from a series of rollover accidents involving the SUV.
Under the settlement, those who bought Explorers in model years
1991 through 2001 are eligible for $500 vouchers to buy new
Explorers or $300 vouchers to buy other Ford or Lincoln Mercury
vehicles.
East Texas resident Jeff Weinstein, who lives in Athens, told
the judge the settlement left the consumer with nothing of real
value.
He and other plaintiffs are angry that lawyers will receive as
much as $25 million in fees and costs.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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