Posted inSettlements

General Motors Switching to a Safer Future

Close-up of a car dashboard showing analog speedometer and fuel gauge. The speedometer is marked in kilometers per hour, with the needle pointing between 40 and 60. The fuel gauge indicates a low fuel level. The background is dimly lit.
The long road to a settlement

The General Motors defect lawsuit, which was initiated four years ago, is reaching an inevitable settlement with the assistance of the General Unsecured Creditors Trust. The independent trust is handling the company’s bankruptcy, filed in 2009, and is now facilitating the settlement with GM customers. The automotive company exhibited deceptive tactics to hide flaws in the ignition switch and side airbags. There was a direct correlation between the defects and the many claims of car crashes and deaths. Currently, the parties involved in the lawsuit are calculating a resolution.

2 minutes