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Posts Tagged ‘gm class action lawsuit’

Lawyer Plans to Depose Former GM CEO Wagoner

Attorney wants to interview Wagoner’s successors as part of lawsuit.

by on Jun.03, 2015

Former GM CEO Rick Wagoner will be deposed in September as part of a lawsuit against the automaker.

The net cast by lawyers directing the class-action lawsuits against General Motors related to the faulty ignition switches just got a little wider as they announced former CEO Rick Wagoner will be deposed in September.

Wagoner, who was CEO when the company headed into bankruptcy in 2009, won’t be the only former chief sitting down to testify, if Bob Hilliard, the Texas attorney who is leading one of the class-action personal injury and death lawsuits against GM.

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He also wants to depose Wagoner’s successors: Fritz Henderson, Ed Whitacre and Dan Akerson. They were on the job when the U.S. government owned a significant share of the automaker. Hilliard said he wants to get “every CEO who was there during the active cover up,” according to the Detroit News. (more…)

California DA Targets GM with New Lawsuit

Maker accused of hiding defects, engaged in false, unfair advertising.

by on Jul.02, 2014

GM CEO Mary Barra is likely to have a number of legal battles on her hands over recalls.

The legal morass surrounding General Motors continues to get deeper despite this week’s announcement that it has established a special fund to compensate victims of crashes linked to a defective ignition switch.

In Orange County, in the heart of the intensely competitive Southern California new car market, the District Attorney’s office has brought a lawsuit against GM. The suit not only cites the defective ignition switch but also states GM has withheld information about nearly three dozen other defects. It also charges GM had engaged in unfair competition and false advertising in violation of California law when it failed to disclose those safety problems.

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The lawsuit was filed just weeks after a separate class action was initiated by a Seattle law firm claiming to represent owners of GM products who feel those vehicles have lost value because of GM’s recall blitz.

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Data Doesn’t Back $10 Bil GM Class-Action Lawsuit

“Opportunistic and despicable,” says senior industry analyst.

by on Jun.19, 2014

General Motors CEO Mary Barra during a hearing on Capitol Hill on Wednesday.

Calling it “potentially precedent-setting,” a Seattle law firm has filed a class-action lawsuit against General Motors that could, it estimated, expose the automaker to damages of as much as $10 billion for economic losses suffered by owners of GM products.

At the heart of the case, the consumers-rights firm Hagens Berman Sobol Shapiro argues that owners of products such as the Chevrolet Cobalt sedan and sporty Chevy Camaro coupe not only paid more than they should have, but will get back less in trade-in, than they deserve as a result of the troubled Detroit automaker’s rapidly expanding list of safety-related recalls, which has grown to nearly 18 million vehicles this year alone.

The suit was filed on the same day GM CEO Mary Barra returned to Capitol Hill for hearings on the maker’s problems, in particular, the decade-long delay in recalling vehicles equipped with a faulty ignition switch linked to at least 13 deaths. GM also faces an investigation by the Justice Department that could lead to criminal charges and huge fines.

(For more on Barra’s return trip to Washington, Click Here.)

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Keeping Things Honest!

But despite the breadth of its recall problems, and sometimes breathless headlines that has engendered, the new class-action lawsuit appears, at best, to rest on shaky data and emotional appeal. If anything, the numbers generally suggest that the maker’s ongoing recall problems have had little, if any impact on the sale of either its new or used vehicles, nor on the prices consumers have been willing to pay.

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