Nissan Agrees to Settle Faulty Brakes Lawsuit
Nissan has agreed to pay some customers up to $800 each to settle claims that certain vehicles had faulty brakes.
A judge still has to approve the proposed settlement, which was filed on Friday.
The claims come from a 2011 lawsuit that said the brakes on the 2004 to 2008 models of the Nissan Titan, Nissan Armada and Infiniti QX56 failed suddenly.
Nissan said the settlement will cover about 350,000 vehicles. Both current and previous owners who replaced or repaired the brakes will be able to receive a refund between $20 and $800. The amount depends on how much mileage was on the vehicle.
Former and current owners will receive a notice in the mail explaining how to apply for the refund, Nissan said in the court filling.
A Nissan spokesman declined to comment.
- Citigroup Settles $70 Million Trade-Loss Suit With Loomis Sayles
- Bodily Injury Is Now A Big Share of Auto Claims Payouts. Is AI to Blame for That Too?
- Major Hedge Funds Targeted in Wave of Attempted Cyberattacks
- Cost of a Data Breach Reaches Record $5 Million on Average