General Motors outlines compensation plan for ignition switch victims

|About: General Motors Company (GM)|By:, SA News Editor

General Motors (GM -0.4%) says it will not cap victim compensation in cases tied to recalled vehicles.

Compensation expert Kenneth Feinberg says the automaker won't hide behind the bankruptcy shield for older cases.

Claims by victims can be filed between August 1 and December 31. The first checks are expected to be issued sometime this fall.