GM Recall Diminished Value Claims
LEVIN PAPANTONIO LAW FIRM INVESTIGATES GM RECALL DIMINISHED VALUE CLAIMS. DO YOU OWN A GM RECALLED VEHICLE? YOUR CAR MAY HAVE LOST RESALE VALUE.
Levin Papantonio is investigating claims in connection with Diminished Value of GM recalled vehicles. Many people have never heard of Diminished Value. Usually, as it pertains to vehicles, Diminished Value is the difference between the value of the car prior to an accident and its value after an accident – even after being repaired. In most cases, a vehicle that has been involved in an accident, even if repaired perfectly, still loses some of its resale value due tothe accident history. Likewise, a vehicle that has had a part recalled, as in the GM Ignition Switch Recall, may also suffer from Diminished Value, even if repaired correctly and never involved in an accident.
General Motors issued a recall in February 2014. The vehicles affected by the recall are:
- 2005-2010 Chevrolet Cobalt
- 2006-2011 Chevrolet HHR
- 2007-2010 Pontiac G5
- 2006-2010 Pontiac Solstice
- 2007-2010 Saturn Sky
- 2003-2007 Saturn Ion
The lawyers at Levin Papantonio are constantly monitoring the latest breaking developments of this fast moving litigation. “Owners of recalled vehicles would never have purchased them if GM had not concealed the significant defects”, said Levin Papantonio attorney, Peter Mougey. “Now, even after the recalls and the supposed “fixes”, the vehicles are worth less than they should be.”
If you or a loved one purchased one of these vehicles you may be affected by the GM ignition switch defect. To learn more, even if your vehicle has never been in an accident please fill out the form on this page or call us immediately at (888) 435-7001 to speak with one of our attorneys or investigators.
We will evaluate your claim for no cost.
Levin Papantonio was established in 1955 and is "AV" rated with more than thirty attorneys and 175 support staff. The partner chairing the securities and business litigation department, Peter Mougey (hyper-link BIO), is the Past-President of the national securities bar, PIABA. The founding partner was a two-term Florida governor and candidate for president of the United States. In the past twenty-five years, the firm has received more than seventy-five jury verdicts in the amount of one million dollars or more, including twelve jury verdicts in excess of ten million dollars, and two in excess of $450 million. Additionally, the firm’s total verdicts exceed more than $2.5 billion dollars. The Levin Papantonio Securities and Business Litigation Department represents consumers, investors, and whistleblowers in cases involving consumer protection, securities and antitrust.
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