Kryptonite Settlement (U-shaped locks pickable with bic pen)

[Miramonti]

If you have one of these locks, you should obviously consider replacing it. If you have had a bike stolen when using one, you're also entitled to financial relief.

Settlement site

Settlement agreement

Claim forms

A. Free Product-Exchange Offer

Defendants shall offer members of the Settlement Class who do not opt out of the Settlement as described in Section VIII below (?Class Members?) who currently have Kryptonite U-Lock(s) an opportunity to exchange said lock(s) for comparable Kryptonite lock(s) without tubular cylinders (non-tubular locks), with no charge to Class Members (hereinafter referenced as the ?free product-exchange offer?). To participate in the free product-exchange offer, you must register your claim and comply with the instructions for returning your Kryptonite ULock(s), as described in Section VII(A) below, including returning the Kryptonite U-Lock and at least one working key for the lock. The free product-exchange offer includes and covers associated shipping charges.

B. Retain Lock

A Class Member who chooses to keep his or her Kryptonite U-Lock and not participate in the free product-exchange offer may instead obtain a voucher with a face value of $10.00 (US) toward the purchase of any Kryptonite product, redeemable for a period of one year from the date of issuance. The vouchers shall be transferable and stackable up to $40.00 (US). To participate in this voucher offer, you must register your claim and supply eligibility information, as described in Section VII(B) below.

C. Stolen Bicycles

As set forth below, Defendants shall provide relief to eligible Class Members whose bicycles were stolen during the Class Period and while the Class Member?s Kryptonite U-Lock was properly engaged (in lock mode) on the bicycle and the theft was caused by violation of the lock mechanism. Those Class Members deemed eligible will receive the lesser of the amount set forth below (in US dollars), according to the type of lock, or the amount of the loss remaining unreimbursed after insurance coverage payments or other settlements and payments regarding the stolen bicycle.

Kryptonite New York Chain and EV Disc Lock $3,000
Evolution 2000 U-Lock $2,000
KryptoLok Plus U-Lock $1,500
KryptoLok U-Lock $1,250
Kryptonite Bike Trap U-Lock $500
Kryptonite U-Lock $250
Giant by Kryptonite U-Lock $1,000
KHS Ultra Cycle U-Lock $1,000
Trek Ali Baba U-Lock $1,000
Trek Sherlock U-Lock $1,500
Raleigh Cycle Pro U-Lock $500
Avenir U-Lock $500
Diamondback U-Lock $500
Harley-Davidson Locks $500

 

[imported_Decaf]

Now that's a cool settlement, unlike the phony IBM settlement.
I have 2 u-locks with tubular cylinders, but it turns out I got them from Nashbar and they aren't covered.
Well, at least now I know they aren't safe against a knowledgeable thief. Bummer.

 

[imported_Decaf]

I found a website with a video that shows how to open the Kryptonite locks with a Bic pen. That is really bizarre.
link

 

[1Lee]

How come Nashbar locks weren't covered?

 

[Miramonti]

Originally posted by: Decaf
I found a website with a video that shows how to open the Kryptonite locks with a Bic pen. That is really bizarre.
link

I was happy to find that my Nashbar U-locks don't have that weak spot.

Damn I heard it was easy but not THAT easy!! :Q

Btw engadget.com is a great site, good rss feed too.

 

[screw3d]

If it's any reassurance, I've received my replacement lock last year

 

[Souka]

I think I still have my old Kyrpto....it's like 10yrs old...tubular lock mech....if I find it, I might replace it....


Edit: Just watched video.... my lock's outer casing solid ...I peeled back the cover 1/2...there is no place to stick a bic-pen like shown in the video.

 

[C'DaleRider]

Originally posted by: Souka

I think I still have my old Kyrpto....it's like 10yrs old...tubular lock mech....if I find it, I might replace it....


Edit: Just watched video.... my lock's outer casing solid ...I peeled back the cover 1/2...there is no place to stick a bic-pen like shown in the video.

So you're saying you have a combination-style Krypto lock, then, right? Because if your lock has a tubular key, you know....the round one, then you DO have a place to stick the pen. The pen sticks into the KEYWAY in the lock......where you put your key to unlock the lock.

 

[MrNutz]

Originally posted by: jjsole
Damn I heard it was easy but not THAT easy!! :Q

wow... :shocked:

 

[imported_Decaf]

So you're saying you have a combination-style Krypto lock, then, right? Because if your lock has a tubular key, you know....the round one, then you DO have a place to stick the pen. The pen sticks into the KEYWAY in the lock......where you put your key to unlock the lock.

I get it now. The Bic barrel is the same diameter as the key, and works just as well.

I can't find any references to picking the Nashbar locks with a Bic.

 

[loccyber]

thanks for posting this i had a very nice bike that got stolen with the lock

 

[flot]

Originally posted by: loccyber
thanks for posting this i had a very nice bike that got stolen with the lock

As did I, but while I have the lock, police report, etc, I'm pretty sure I don't have my original receipt for the lock itself... in fact, almost positive.

 

[knightc2]

It doesn't look like you need the receipt if you are excahnging the lock in option A. Am I reading this correctly?

I hate it when companies require a receipt especially for a product that is several years old. If everyone saved every receipt they collected then they would need a warehouse to store them all. Just another way to deny people a claim and not pay out.

 

[Packy]

Seems like the exchange is possible without receipt. I'm going to double-check that I have a tubular lock (pretty sure) and then go through the steps when I'm home tonight. Nice that they cover shipping charges, too.

I'm glad my wife has been using our steel cable lock instead of the U-lock lately!