General Motors Co.
said it is facing 79 lawsuits by customers demanding as much as $10 billion for the lost value of their old cars as a result of defects that led to a 2.59 million-vehicle recall.
Twenty new would-be group suits have been filed since early this month, the Detroit-based automaker said in a filing in U.S. Bankruptcy Court in Manhattan on Monday.
GM has asked a judge to rule that it isn’t liable for damage claims resulting from the company’s actions before its 2009 bankruptcy. A panel of judges is due to decide this month whether to combine the suits into one, and what federal court should handle them.Read Article