Feinberg OKs payment for 50 deaths from $400M GM ignition fund; compensation starts at $1M
Attorney Kenneth Feinberg, retained by General Motors to oversee a $400 million compensation fund for death and injury claims linked to faulty ignition switches in the automaker’s vehicles, has approved 50 death claims for payment so far.
Compensation for deaths starts at $1 million, according to the Associated Press and the Detroit News.
Another 75 injury claims had been approved for payment by Feinberg as of Friday. Meanwhile, another 230 death claims and 2,327 injury claims are either under review or awaiting documentation, and 58 death claims and 328 injury claims have been found ineligible.
More claims are expected to be filed before a Saturday deadline for doing so, and GM has said that the compensation fund may have to be increased to $600 million to cover them.
Related coverage:
ABAJournal.com: “GM cites ‘pattern of incompetence,’ fires 15 including legal execs, will pay ignition-switch victims”
ABAJournal.com: “10 years after fatal accident, conviction is reversed; GM knew its car was to blame but kept quiet”
See also:
ABAJournal.com: “GM to pay record $35M civil penalty for delayed action on faulty ignition switches:
ABAJournal.com: “6 attorneys fired by GM after law firm ignition-switch probe are reportedly identified”
