GM Ignition Switch Compensation Fund Comes to a Close Amid Controversy
Posted by PKSD Law Firm on July 22, 2015 in Product Recalls
As the compensation fund set up by General Motors (GM) to compensate victims of its faulty ignition switch is set to conclude at the end of this month, all 4,342 claims it received have been processed.
So far, 124 deaths and 266 injuries have been approved and confirmed by the fund as a direct result of the defective switch that would turn off unexpectedly, disabling important safety features.
Our Wisconsin car defect attorneys have been following this situation from the very beginning and are prepared to represent any victims who were injured or died as a result of a faulty ignition switch. Call 877-877-2228 to speak with a representative today.
Of the total number of claims received, 80 percent were denied eligibility. An additional 453 were identified as deficient 24 of which claim a death resulted from the defect.
The fund was set aside by GM last year to accommodate the victims of a faulty ignition switch that, after much scrutiny, resulted in a recall of 2.59 million vehicles. A criminal investigation revealed that the company concealed the defect for more than a decade.
However, GM also issued another recall of 10 million vehicles for a strikingly similar ignition switch defect. Unfortunately for the countless victims of this defect, which GM identified as separate from the original 2.59 million vehicles, there is no opportunity to receive compensation from the fund.
GM claims that because it recalled the product quickly after identifying it and did not try to hide it from the public, the problem does not qualify for compensation.
Despite urging from Congressional leaders, GM refused to consider including these additional 10 million vehicles in the compensation fund.
The injury lawyers in Milwaukee at PKSD believe that all victims of a manufacturers negligence deserve justice and adequate compensation for their injuries. If you believe that you or a loved one was injured because of a faulty GM ignition switch, we can help you fight for your rights.