GM Unveils Ignition Defect Compensation Plan
Reportedly, GM has unveiled a compensation plan for those affected by the ignition switch defect. As a part of said plan, GM cut checks to “any driver, passenger, pedestrian or occupant of another vehicle who can show they were hurt in a crash involving one of 2.6 million cars GM has recalled after admitting they were equipped with faulty ignition switches.”
The plan apparently does not have a limit on compensation. The catch: claimants must be able to show that the vehicle’s airbags did not deploy in any crash at issue.
Interestingly, claimants who previously entered into settlements with GM prior to GM’s admission of the ignition defect can apply for additional compensation through the fund. GM has reportedly collected evidence of 3,500 death and injury claims, but they have yet to be vetted to ascertain whether they meet the requirements of the compensation plan. As The Wall Street Journal Law Blog noted the other day: “The compensation program is limited to the 10 models GM has identified as being equipped with a faulty ignition switch. That includes the Chevrolet Cobalt, Saturn Ion and other older models.”
The claim period is from August 1 through December 31.
