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GM Ignition Litigation Marches On

Company facing $1 billion trial this week.

by on Dec.18, 2017

GM is facing more litigation related to its faulty ignition switches.

General Motors Co. is facing another expensive day in court on the massive and complex litigation related to the faulty ignition switches found in millions of cars built by the company during the first decade of the 21st century.

The potential liability from a trial slated to start this week tops $1 billion in stock to address claims related to the malfunctioning ignition switches, according to the Wall Street Journal.

Safety News!

The report noted that the trial, set to start Monday in a Manhattan federal bankruptcy court, centers on whether General Motors can block a deal reached in August between ignition-switch plaintiffs and a trust representing creditors of so-called Old GM, the assets the automaker left behind in 2009 as part of its $50 billion government rescue and restructuring.  (more…)