GM Compensation Fund Deems 49 Fatality Claims Eligible For Payout
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.
Reuters reports 108 claims were received during the previous week, increasing the total number of claims received between August 1 and Monday to 2,818. The number breaks down to 2,300 claims for less-severe injuries, 207 for catastrophic injuries, and 311 for fatalities.
Total claims eligible for payout rose from 112 to 121, including 65 for less-severe injuries, seven for catastrophic injuries, and the aforementioned 49 death claims.
As far as the rest are concerned, 320 claims were found ineligible, 857 are under review — including 84 fatality claims — 757 lacked sufficient documentation, and 763 had no documentation at all.
The deadline for claim submission is January 31, a one-month extension from the original December 31, 2014 deadline.
Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.
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Which will cost more in the long run. GM or Toyota in wrongful death lawsuit's ? Toyota still has close to 400 lawsuits left.http://www.washingtonpost.com/business/economy/toyota-reaches-12-billion-settlement-to-end-criminal-probe/2014/03/19/5738a3c4-af69-11e3-9627-c65021d6d572_story.html I'm thinking GM will end up paying more in the long run.
I say criminal charges to all who lied and/or were aware of the situation. Toyota bought their way out of prison with a mere 1/3 of their annual profits. Not much of a lesson for the other manufacturers and GM is looking to follow suit.
Its the old story "who knew what, when ? Will there ever be true, accountability ? Every major manufactoring company in the world, has at one time or another, been involved in some sort of law suit. How many executives have ever faced criminal charges?