General Motors agreed to a $150 million class action lawsuit settlement over the excessive oil consumption problem in 2011-2014 Avalanche, Silverado, Suburban, Tahoe, Sierra, Yukon vehicles equipped with LC9 engines who live in California, Idaho or North Carolina.

Chevrolet and GMC vehicles are equipped with defective LC9 engines that consume excessive amounts of oil. Plaintiffs in the case say that GM knew about the defect but failed to disclose it to consumers.

Class members will receive a proportional share of the net settlement fund based on the number of vehicles they own or lease. According to the settlement website, each class member is estimated to receive at least $2,149.  

Lawyers got some outlandish amount of money instead of sticking GM with a RECALL where all affected parties get a new engine. 

Seems to me that is a tenth of the cost of the engine rebuild or replacement.... because my Veloster had that "Excessive oil consumption" problem and the warranty replacement cost about 15thou... for a 2 liter Hyundai engine. 

A LC9 engine replacement cost?

New Crate Engine: These are typically the most expensive option, with prices potentially exceeding $7,000 for a new GM Goodwrench LC9 long block. 

 Remanufactured Engine: Remanufactured engines offer a balance of cost and quality, with prices ranging from around $3,000 to $5,000.

https://topclassactions.com/lawsuit-settlements/open-lawsuit-settlements/150m-gm-excessive-oil-consumption-class-action-settlement/