![]() ![]() Senator Richard Blumenthal, a Connecticut Democrat, suggested that path on Wednesday, saying that GM should agree to make victim restitution a part of any resolution to the ongoing criminal investigation. There’s another option - working with the U.S. A company could also act on its own to set up a fund. Congress created the fund for victims of the September 11 attacks, and the White House worked with BP on its compensation system. While its fund processed more than 1 million claims and paid out more than $6.2 billion (3.7 billion pounds), it was still hit with hundreds of lawsuits from those who were either ineligible or unwilling for the fund.Ĭompensation programs come in many forms and can be set up in a variety of ways. Those limits vary by state, but lawsuits over accidents more than two or three years old may encounter that barrier.īut funds are generally voluntary, and claimants can’t be forced to sign on, a problem BP confronted. ![]() The company asked to put those cases on hold, saying it intends to ask a bankruptcy court in New York to decide whether such claims are barred against the current company.Īnother potentially strong shield for GM, legal experts said, is the statute of limitations, which sets a deadline for filing certain lawsuits. ![]() GM made this argument recently in motions filed in federal courts in San Francisco and Corpus Christi, Texas. Most of the vehicles with faulty ignition switches were produced before the bankruptcy. One is that so-called New GM, the company that emerged from bankruptcy in 2009, can’t be held responsible for the actions of Old GM, which is a separate legal entity. GM has at least two strong defences to those suits. ![]() They claim GM hid knowledge of switch problems for more than a decade. The cases have been brought on behalf of individuals injured or killed in accidents involving recalled vehicles, as well as by customers who say they suffered economic losses like lower resale value. GM has been hit with dozens of lawsuits since it began its recall over the ignition switch in February, which has now encompassed 2.6 million vehicles. ![]()
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