LOS ANGELES, August 4, 2021 / PRNewswire / – YK Law LLP and Lieff Cabraser Heimann & Bernstein LLP Announce that Parties Have Reached Agreement to Settle Plaintiff’s Claims Regarding Tesla, Inc.’s Temporary Limitation of Maximum Battery Voltage in 1,743 Tesla Vehicles Model S.
Under the proposed settlement, Tesla will pay $ 1.5 million to a common settlement fund, whereby payments of $ 625 will be made to eligible members of the Settlement Class. In addition to the payments offered to settlement group members, Tesla has agreed to maintain diagnostic software in warranty vehicles and to notify owners and renters if Tesla determines that battery maintenance or repair can be done. necessary.
The settlement is now awaiting approval by Federal District Court Judge Hon. Beth L. freeman of United States District Court of the North District of California. The court will set a hearing date for the preliminary approval of the settlement, which, if approved, will result in the third party administrator sending a notice to the 1,743 class members. If the court later grants final approval of the settlement, the third-party administrator will apportion and apportion the payments of $ 625 to each member of the settlement group.
The motion also calls for the appointment of Edward Chen, YK Law LLP, Robert nelson and Nimish Desai, Lieff Cabraser Heimann & Bernstein LLP, as Settlement Class Counsel, and the appointment of Plaintiff David Rasmussen as Settlement Class Representative.
YK Law LLP: As an international law firm with close ties to China, YK Law LLP has a diverse and experienced team of lawyers who are committed to providing clients with the highest quality legal services while adhering to a “client first” mindset. YK Law LLP attorneys help clients achieve their goals and serve as strategic consultants, partners and supports to their clients. YK Law attorneys leverage the power of teamwork to fully share legal strategies and have a deep understanding and knowledge of cross-border litigation involving United States and China.
Lieff Cabraser Heimann & Bernstein, LLP: Lieff Cabraser is one of the‘the largest and most successful law firms representing exclusively plaintiffs in civil litigation, having obtained verdicts or settlements of more than $ 124 billion for customers nationwide. With more than 100 lawyers, the firm has led some of the largest class actions of the past decade.
Henri li, co manager
YK Law, srl
E-mail: [email protected]
SOURCE YK Law