As reported by Law360 (subscription), U.S. District Judge Jesse M. Furman has issued an order granting preliminary approval to a $120 million settlement deal reached by plaintiff drivers with General Motors over vehicles that lost value from faulty ignition switches, finding that the deal is fair and that he will “likely
As reported by Law360 (subscription), General Motors has reached a $120 million settlement with drivers whose vehicles lost value as a result of accidents, deaths, and recalls stemming from the automakers faulty ignition switches.
As reported by Law360 (subscription), the trust for General Motors’ unsecured creditors has submitted a new proposal to a New York bankruptcy court containing a revised proposed settlement of the company’s legacy ignition switch lawsuits, under which consumers who claim GM sold them defective vehicles seek class certification for their claims.