I also found alot of details on this link - not sure if it 100% accurate but it's very comprehensive in the breakdown.
https://www.law360.com/articles/1304...ne-defect-suit
Here's some excerpts:
After the initial complaint in 2017, BMW of North America extended the engine warranty for the chain assembly components from the original four years or 50,000 miles to seven years or 70,000 miles.
As part of the settlement, BMW agreed to continue to honor that extension and will also reimburse people for unreimbursed past chain assemblies repair or costs that took place before eight years or 100,000 miles.
Replacing both chain assemblies (primary timing chain, tensioner and rails/guides together with the oil pump/counterbalance shaft chain and sprockets) costs about $4,500-$5,000 if there is no engine damage, the agreement said. And plaintiffs have gotten estimates upward of $12,000 for engine replacement, the filing said.
The settlement will reimburse customers who had out-of-pocket expenses to repair or replace one failed timing chain module and/or one failed oil pump drive chain module.
If the parts failure happened before the seven years or 70,000 miles threshold, the customer will be reimbursed 100% of the cost, including any associated engine damage, for work done at an authorized BMW Center. For work done at an independent service center, BMW will reimburse up to $3,000 for the timing chain module or oil pump drive chain module and up to $7,500 for engine failure, according to the settlement.
Failures between years seven and eight and up to 100,000 miles, whichever comes first, will be reimbursed for work done at an authorized BMW Center "in accordance with a contribution schedule" that decreases the reimbursement amount as the mileage increases, the settlement said.
The same sloping reimbursement schedule applies for work done at an independent service center, but it's capped at $3,000 for the timing chain module, oil pump drive chain module repairs and $7,500 for the engine failure repairs, according to the agreement.
Engine chain parts that fail in the future will have to be repaired at authorized BMW Centers only, giving those class vehicles up to eight years or 100,000 miles and is also subject to a schedule that reimburses less as the mileage on the vehicle climbs, according to the deal.
Also, for one year from the settlement's effective date, any class vehicle with less than 100,000 miles, regardless of its age, that experiences timing chain module failure, oil pump drive chain module failure, or engine damage or failure due to timing chain module or oil pump drive chain module failure, may go to an authorized BMW Center for repair, subject to a decreasing reimbursement rate as the mileage on the vehicle increases, the agreement states.
Read more at:
https://www.law360.com/articles/1304...-suit?copied=1