By on February 7, 2016

Kenneth Feinberg, Generous Solution Quote

Kenneth Feinberg, the man behind Volkswagen’s claims fund, stated American VW TDI customers should expect an offer that will make them very happy in an interview published this weekend.

When asked by Frankfurter Allgemeine Sonntagszeitung (via Reuters) what he will offer the more than 500,000 Americans who own dirty diesels, he replied, “I can promise that there will be a generous solution.”

What that solution will be is anyone’s guess, including Feinberg’s.

“The jury is still out, and at the moment all options are up for debate: cash payments, buybacks, repairs, replacements with new cars,” he said.

(Read More…)

By on December 17, 2015

Kenneth Feinberg

Kenneth Feinberg, the lawyer who handled claims against General Motors for its faulty ignition switches that killed 124 people, will handle claims against Volkswagen stemming from its cheating diesel engines, the automaker announced Thursday.

“His extensive experience in handling such complex matters will help to guide us as we move forward to make things right with our customers,” Michael Horn, president of Volkswagen Group of America, said in a statement.

In addition to Feinberg’s experience with GM, his office also handled claims against BP for its Deepwater Horizon oil spill. (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 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 December 23, 2014

GM First Day as a Public Company Celebration

Another 104 claims have been added to the pile for examination by Kenneth Feinberg and his staff, who are overseeing the victim compensation fund established by General Motors as a result of the February 2014 ignition switch recall.

(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 November 18, 2014

Saturn-Ion-RedLine

The victims and families affected by the February 2014 General Motors ignition switch recall can breathe a little easier, as the deadline to file a claim with the victim compensation program administered by attorney Kenneth Feinberg has been extended.

(Read More…)

By on November 13, 2014

03.01.08.Feinburg

Per a suggestion by Center for Auto Safety’s executive directory, Clarence Ditlow, attorney Kenneth Feinberg may seek claimants for the compensation plan set up by General Motors in the wake of the February 2014 ignition switch recall by pouring trhough regulators’ files.

(Read More…)

By on October 28, 2014

Recalled GM ignition switch

As of last Friday, 30 fatality and 31 injury claims have been approved for payout from the General Motors victim compensation fund created in the wake of the February 2014 ignition recall, and helmed by the staff of appointed attorney Kenneth Feinberg.

(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 23, 2014

2009 Chevrolet Cobalt Kia Store

According to the latest report from the General Motors compensation program published Monday, 21 fatalities linked to the defective ignition switch that launched a thousand recalls will receive payments.

(Read More…)

By on September 16, 2014

General Motors headquarters in Detroit, Michigan

Over a month since the first claims were filed by those affected by a defective General Motors ignition switch originally linked to 31 accidents and 13 deaths, compensation administrator and attorney Kenneth Feinberg has found a total of 19 deaths and 31 eligible claims thus far.

(Read More…)

By on August 7, 2014

GM RenCen Blue Night

Last Friday was the first day claims linked to accidents and fatalities related to the ignition switch that kicked-off the 2014 General Motors recall parade could be submitted to the compensation fund set up by GM and Kenneth Feinberg. Thus far, 93 such claims have been submitted.

(Read More…)

By on July 18, 2014

General Motors CEO Mary Barra Testifies Before Senate Committee About GM's Recalls

Under fire from the U.S. Senate Commerce Committee for not having fired General Motors’ top counsel Michael Millikin, CEO Mary Barra defended her decision to keep him on the company payroll during Thursday’s hearing over the February 2014 ignition recall crisis.

(Read More…)

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