General Motors Co. agreed to settlements in the final two ignition-switch cases slated for trial in a New York federal court this year. Terms of the settlements were not disclosed.
The settlements move GM closer to putting to rest a significant portion the claims that followed the use of a defective ignition switch that GM installed in more than 2.6 million vehicles resulting in 84 separate recalls.
The cases were the final two among a half dozen “bellwether” trials aimed at setting patterns for a larger group of personal injury and wrongful death suits. GM recalled the vehicles with faulty ignition switches in early 2014 after it was proven that jostling the switches could turn off engines and safety features including power steering, power brakes and airbags, creating a substantial hazard for drivers and passengers. (more…)