GM facing hefty ignition switch lawsuit

|By:, SA News Editor

GM (NYSE:GM) is now facing a lawsuit which was filed in a Manhattan federal court by 658 people who state they were injured or relate to a victim killed in an accident due to a faulty ignition switch.

Since the beginning of the year, GM recalled nearly 15M vehicles worldwide over the defective switches and set up a program to compensate victims of crashes.

The newly filed lawsuit is aimed at covering claims that are not eligible for payments under the conditions of the program.