BMW Strikes Massive Transmission Defect Settlement

Law360, New York (May 31, 2013, 3:43 PM EDT) -- BMW of North America LLC will pay thousands of drivers up to $9,000 each to cover transmission repairs to allegedly defective Mini Cooper vehicles, according to a settlement agreement filed in California federal court Thursday.

The hefty settlement resolves allegations that BMW concealed a transmission defect in approximately 50,000 first generation Mini Coopers that caused the cars to prematurely and unexpectedly break down and could cost the carmaker tens of millions of dollars.

The plaintiffs' attorney Roland Tellis told Law360 that hundreds of drivers who leased...
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