Tag Archives: loss claims

Did GM Hide Behind Bankruptcy to Save $10 Billion in Loss Claims from Faulty Ignition Suits

In mid-April, 2015, the federal judge overseeing General Motor’s bankruptcy upheld the shield of bankruptcy to protect G.M from $7-$10 Billion dollars worth of lawsuits. The potential lawsuits involved faulty ignition switches that may have resulted in 84 deaths. The move not only saves G.M from paying out massive awards, but also hands the auto […]