Tag Links: GM, recall, bankrupt

SHARE THIS ARTICLE

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


GM Facing Lawsuits Of Up To $10 Billion Due To Ignition Switch Defect

About the Author

Agent009

User Comments

MrEE
MattDarringer

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]