- Several hundred claims against GM (NYSE:GM) are expected to be filed this morning, as the automaker begins accepting claims for its faulty ignition switch compensation program.
- General Motors has set aside $400M for payouts, although the total amount of awards is not capped and could increase.
- Lawyers are willing to give the program a chance, since it does not prevent them from suing GM while waiting to see how much of a payout they would be entitled to. Plaintiffs that take a payout, however, must drop their lawsuits.
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GM -0.6% premarket