Photo: GM
After 60 recalls and almost 30 million faulty vehicles, General Motors finds itself at the firing end of a barrel of a gun, with numerous victims intending lawsuits for accidents linked to sub-standard cars.
The latest representative action involves 600 victims that have gone to court, seeking compensation for the loved ones they've lost because of the deadly ignition switches and numerous other hazards.
A recent report published by CNN Money tells that these people are seeking compensation from the automaker's newly created special fund, headed by outside attorney Kenneth Feinberg.
This latest class suit comprises of injury and deaths in accidents that happened after General Motors' bankruptcy and bailout at the end of the 2000s. Although GM came up with $400 million or so for the victims fund, hundreds or even thousands of victims that'll be compensated will hike that figure greatly.
And don't forget that this is only one of the hundreds of separate lawsuits, with a few criminal charges to boot. Texan attorney Robert Hilliard has declared for the aforementioned publication that "this makes absolutely no sense that the fund is restricted to the first 2.6 million vehicles initially recalled for ignition switch issues. GM needs to step up and acknowledge the blood on its hands from all of these recalled cars."
So the pressure is on and GM might have to pay compensation to victims from incidents that didn't happened because of the glitchy ignition switches, but completely different faults. According to Hilliard, some of its plaintiffs are eligible for the compensation fund, but these people are also suspicious about the eligibility formula penned by Feinberg, while others think that the current compensation formula will compensate them with too little money compared to the losses they've suffered.
The latest representative action involves 600 victims that have gone to court, seeking compensation for the loved ones they've lost because of the deadly ignition switches and numerous other hazards.
A recent report published by CNN Money tells that these people are seeking compensation from the automaker's newly created special fund, headed by outside attorney Kenneth Feinberg.
This latest class suit comprises of injury and deaths in accidents that happened after General Motors' bankruptcy and bailout at the end of the 2000s. Although GM came up with $400 million or so for the victims fund, hundreds or even thousands of victims that'll be compensated will hike that figure greatly.
And don't forget that this is only one of the hundreds of separate lawsuits, with a few criminal charges to boot. Texan attorney Robert Hilliard has declared for the aforementioned publication that "this makes absolutely no sense that the fund is restricted to the first 2.6 million vehicles initially recalled for ignition switch issues. GM needs to step up and acknowledge the blood on its hands from all of these recalled cars."
So the pressure is on and GM might have to pay compensation to victims from incidents that didn't happened because of the glitchy ignition switches, but completely different faults. According to Hilliard, some of its plaintiffs are eligible for the compensation fund, but these people are also suspicious about the eligibility formula penned by Feinberg, while others think that the current compensation formula will compensate them with too little money compared to the losses they've suffered.
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