Major GM 5.3 V8 Engine Class Action Suit Has Been Resolved

Owners do okay, but it's the lawyers that will get paid.

Major GM 5.3 V8 Engine Class Action Suit Has Been Resolved

A V8-sized lawsuit over 5.3-liter engines in GM trucks and SUVs is over. A judge has just approved a settlement that would end the class action over the alleged faulty engines in Chevrolet Silverados, GMC Sierras, and several other full-size vehicles. Owners will get a little more than $3,000 in the payout, while the lawyers will get the lion's share at $57 million. That's not as bad for owners as the settlement just approved for a smaller 5.3-liter lawsuit, though, where owners will take home just $700 each.

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