Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

General Motors to pay $575M to settle lawsuits filed over faulty ignition switches

 


DETROIT — General Motors will pay $575 million to settle hundreds of civil lawsuits filed against the company over faulty small-car ignition switches, including the bulk of pending wrongful death and injury cases.

The company on Thursday said it reached a deal with Texas personal injury lawyer Bob Hilliard to settle 1,385 death and injury cases that he filed over crashes caused by the switches. The money also will be used to settle a 2014 class-action lawsuit filed by shareholders claiming that GM's actions reduced the value of their stock.

http://www.startribune.com/gm-to-pay-575m-to-settle-ignition-switch-lawsuits/328032501/

 

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