GM ignition-switch fund receives claims for more than 100 deaths


The program to compensate victims of crashes linked to a faulty ignition switch in GM vehicles has received claims for 107 deaths and more than 200 other claims, according to the office of the lawyer overseeing the program.

The number of death claims submitted already far exceeds the 13 deaths GM has officially attributed to the switch, which prompted the recall of 2.6M vehicles earlier this year.

The program began accepting claims on Aug. 1 and will remain open until Dec. 31; Ken Feinberg, the lawyer overseeing the program, has said he expects the highest volume of claims within the first few months of the program as well as its last.

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Comments (9)
  • funfundvierzig
    , contributor
    Comments (4663) | Send Message
     
    This staggering number of death claims and other claims clearly shows the unethical pretence put forth by dishonest GM executives and their PR con artists that only "13 deaths" were linked to GM's deadly defective switches.

     

    The brazen absence of integrity in the executive suites and Boardroom of this intractably corrupt car-maker hardly supplies confidence and trust for hapless GM shareholders and would-be investors in GM shares.

     

    Merely our opinion...funfun..
    26 Aug 2014, 07:46 PM Reply Like
  • JDoe20
    , contributor
    Comments (1410) | Send Message
     
    If a request was made for the single winner of a $10M lottery prize to come forward was published at least 100 people (more like 100,000) would put their claim in. Sound like the GM case? Everyone wants bonafide requests to be honored but . . . .

     

    Smart investors think, less scrupulous people smear companies without supporting facts.
    26 Aug 2014, 08:28 PM Reply Like
  • gatorj
    , contributor
    Comments (107) | Send Message
     
    I believe that the number of valid claims will be more than 13. How many more will take time to sort out. I do not minimize the serious lack of integrity that GM has shown. It has a long history of this. However, in following the claims issues with the
    BP Gulf Coast cleanup fund, more than a handful of claims turned out to be fraudulent. People have been sent to prison.
    Knowing the history of personal injury lawyers, there is a good likelihood that some of the GM claims will be a stretch. Hopefully,the people responsible for the GM fund will be vigorous in verifying the validity of the claims before paying out.
    26 Aug 2014, 11:27 PM Reply Like
  • kingshort
    , contributor
    Comments (72) | Send Message
     
    At the end of the day it doesn't really matter as the stock has priced it ALL in. GM is heading back to 40 and higher
    27 Aug 2014, 12:15 AM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    Gm stock is not headed back to 40 unless of course they do a reverse stock split.
    27 Aug 2014, 10:23 AM Reply Like
  • preuser
    , contributor
    Comments (6) | Send Message
     
    An illegal immigrant in a stolen G.M. car who couldlen't read an owners manual (or read at all ) or read a railroad crossing sign died because he couldn't remember which way to turn the key when he woke up from a nap to start the car and got hit by an approaching train when he parked on the tracks at a railroad crossing because he was high on bud and cheap wine and konked out !

     

    So naturally it was G.M at fault for not having a big red circle with a pointing directional arrow surrounding the key hole !

     

    His familia's attorney submitted a claim on behalf of his 100 hiers across the border
    27 Aug 2014, 11:14 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4663) | Send Message
     
    The Beijing-style brainwashing of the media by GM Management that only "13 deaths" could be linked to millions of deadly defective GM cars coupled with a callous and cynical PR and legal campaign of Blame-the-Victim cruelly mocks the hundreds of GM victims and their surviving family and friends. What a corrupt Company, hardly inspiring to would-be investors or consumers at large.

     

    …funfun..
    27 Aug 2014, 11:35 AM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    Remember back when they were debating whether or not they should offer 500 dollar voucher coupons for anyone affected by the defects?

     

    Your son or daughter was horribly injured or killed? no problem here have a coupon good for 500 off the full retail price of your next potentially defective and dangerous GM ride.

     

    Now they are counting on much larger pay offs and the protection of bankruptcy to project them into the future. All the while shareholders have very little to show for.
    27 Aug 2014, 11:45 AM Reply Like
  • JDoe20
    , contributor
    Comments (1410) | Send Message
     
    Yee the people of strawmans . . . . .
    28 Aug 2014, 08:41 AM Reply Like
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