Tag: claims

By on December 14, 2015

GMMaryBarra01.JPG

General Motors victims compensation fund is paying for injury claims older than the company’s 2009 bankruptcy and, in some cases, for injuries sustained by drivers who were drunk or weren’t wearing their seatbelts, according to the New York Times.

The newspaper reported the findings by attorney Kenneth Feinberg, who was hired by the automaker to manage the company’s fund to pay for victims of its faulty ignition switch that killed 124 people.

According to the report, 128 claims — roughly one-third of the claims against the automaker — were for injuries before the company’s 2009 bankruptcy. GM fought successfully this year to protect itself from lawsuits against “Old GM.” In April, a judge protected “New GM” from many of those lawsuits. (Read More…)

By on April 27, 2015

2009 Saturn Sky

Three new death claims linked to the General Motors ignition recall have been approved by the compensation fund managed by attorney Kenneth Feinberg.

(Read More…)

By on February 3, 2015

2009 Chevrolet Cobalt Kia Store

The compensation fund set up by General Motors in the wake of the February 2014 ignition switch recall confirmed its 51st eligible death claim Monday.

(Read More…)

By on February 2, 2015

cobalt report 12

The deadline for filing a claim with General Motors victim compensation fund now passed, Kenneth Feinberg says no offer has been rejected thus far.

(Read More…)

By on January 27, 2015

GM Ignition Recall Safety Information

With the deadline to submit claims coming this Saturday, the General Motors compensation fund has confirmed its 50th fatality.

(Read More…)

By on January 21, 2015

A recalled Chevy Cobalt ignition switch is seen at Raymond Chevrolet in Antioch

Monday, the compensation fund created by General Motors in the wake of the February 2014 ignition recall announced that 49 deaths thus far would receive compensation.

(Read More…)

By on December 19, 2014

Recalled GM ignition switch

It’s been a while since the TTAC Zaibatsu checked in on the victim compensation fund created by General Motors and overseen by the office of attorney Kenneth Feinberg. How have things gone since the last time?

One hundred fatality and injury claims have been approved.

(Read More…)

By on October 7, 2014

GM RenCen Garden

The compensation fund created by General Motors to pay claims resulting from injuries and deaths linked to a defective ignition switch found in a handful of 2003 through 2007 compact models has approved a total of 24 death claims for payout.

(Read More…)

By on September 26, 2014

GM--General-Motors-blurb-jpg

The compensation fund established by General Motors and managed by attorney Kenneth Feinberg to pay accident and fatality claims linked to a defective ignition switch in a handful of 2003-2007 models has made its first cash offers to 15 claimants.

(Read More…)

By on September 17, 2014

GM ignition diagram

Yesterday, we reported General Motors accepting there were 19 fatalities linked to a defective ignition switch originally tied to 13 deaths and 31 accidents, thanks in part to the compensation fund established with the aid of administrator and attorney Kenneth Feinberg. More could be on the way, however, as 131 fatality claims have been submitted thus far.

(Read More…)

By on June 12, 2014

File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit

Bloomberg reports the compensation fund designed by attorney Kenneth Feinberg for General Motors will have “a relatively modest timetable to invite claimants to file their claims” once the claim period begins August 1. Feinberg also said by the end of June, he and his team will have a program “that will define who’s eligible to file a claim… what the dollars will look like for those who file,” as well as the obligations the plaintiffs will need to have “to prove their claim.” GM CEO Mary Barra added that her company won’t know the final cost of the fund “until the actual compensation has been run,” though an estimate may come at the end of Q2 2014.

(Read More…)

By on November 4, 2013

Mehran writes:

First of all I wanted to thank you for your great blog, I read it daily. Now I recently have bought a 2010 Lexus RX 350 with 30K miles on the clock. the original warranty will expire this coming January, since I have bought the car I have put about 5K on it without any problems, now should I buy the extend warranty or not?

The car was a returned 3 year lease which I got a pretty good deal since the dealer was a family friend; at that time they quoted me $2000 for the 5 year 75K extended warranty. (Read More…)

By on January 24, 2013

 

Hi Steve. In honor of the recent SAAB coverage, my 2000 9-5 recently decided to become a parts donor.

This whole experience has made me sick to my stomach. No thanks to the insurance company.

(Read More…)

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