Law360, New York (April 12, 2013, 2:11 PM EDT) -- A California judge on Thursday approved a deal allowing American Honda Motor Co. Inc. to shut down a nationwide class action in exchange for replacing allegedly defective Civic parts and prematurely worn tires, and reimbursing consumers who have already paid out of pocket.
The deal, which plaintiffs call “the product of 10 years of investigation” into the issue, resolves allegations that Honda knowingly sold Civics with a major tire defect in violation of its warranties and consumer protection laws.
In granting preliminary approval, U.S. District Judge...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.