Nissan Motor Company Ltd (NSANY)

[tw0122]

Those with a vehicle included in the Nissan class action settlement will be required to first submit a claim to the Better Business Bureau (BBB) before they can file a lawsuit. If the BBB determines that a buyback is warranted, Nissan will proceed with a buyback, but for some undetermined value. More importantly, it remains to be seen what delays this will cause, or how it will impact the claims of owners able to seek additional damages for their claim that would normally be available, but are not available in the class action settlement. Worse yet, the BBB will likely be overwhelmed by thousands if not hundreds of thousands of potential claims from as many as three million potentially affected owners of these vehicles, resulting in delay you can completely avoid when we file your case within a few weeks. We see this BBB requirement of the Nissan class action settlement as a delay tactic that will only frustrate many already frustrated owners who will then give up, while the concern with their defective transmission will only continue and the available warranty period expires. Then what? That rewards Nissan, and it punishes the owners who placed their trust in Nissan by making their largest or second largest investment in a Nissan product.

We believe owners of these vehicles should seek the advice of legal counsel regarding their individual circumstances as the class action settlement will automatically include all owners who do not opt out by the deadline.