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GM Victims Compensation Fund Could Pay Millions to Families of Those Killed, Individuals Who Were Severely Injured, In Automobile Crashes Associated With GMs Defective Ignition Switch Recall
Detroit MI (PRWEB) July 14, 2014
The Oliver Law Group P.C., a law firm representing consumers in GM ignition switch recall lawsuits, notes that General Motors has set December 31, 2014 as the deadline for participation in the recently announced GM Victims Compensation Fund. According to a report from the Associated Press, the Fund will open to claims on August 1, 2014.
The GM Victims Compensation Fund was established to compensate the families of those killed, as well as individuals who were severely injured, in automobile crashes associated with a defective ignition switch that has resulted in the recall of millions of GM cars. According to the GM recall notice, the ignition switch in question can unexpectedly and suddenly move from the On or Run position to the Off or Acc position. When this occurs, the motor engine and certain electrical components, including the power assisted steering and anti-lock brakes are turned off, thereby endangering the vehicle occupants and compromising the safety airbag system.
Vehicles involved in the GM ignition switch recall include:
(safercar.gov/Vehicle+Owners/Consumer+Alert:+GM+Ignition+Switch+Recall+Information, NHTSA, February 2014)
(hosted.ap.org/dynamic/stories/U/US_GENERAL_MOTORS_COMPENSATION_GLANCE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT, Associated Press, June 30, 2014)
According to an earlier report from Washington Post, at least 13 auto fatalities have been linked to the defective ignition switch. A congressional probe also determined that GM had made a modification to the ignition switch in 2006 that resolved the issue, but did not publicly disclose the problem or announce a recall at that time.
(washingtonpost.com/business/economy/gm-fined-35-million-in-ignition-switch-safety-case/2014/05/16/f1b92e56-dd08-11e3-8009-71de85b9c527_story.html, Washington Post, May 16, 2014)
According to the Associated Press, those eligible to participate in the GM Victims Compensation Fund include drivers, passengers, pedestrians, and people in other cars involved in crashes with recalled GM vehicles who suffered physical injuries or relatives of people killed in crashes. Claimants must show that the crashes were caused by faulty GM ignition switches. Those who settle their claims through the Fund will be required to give up their right to sue GM.
GM has hired attorney Kenneth Feinberg to administer the Fund. According to the Associated Press, the company has not placed any monetary limits on payouts involving deaths or extreme injuries such as permanent brain damage, loss of limbs, paralysis and serious burns. Claims for other injuries will be determined by formulas established by Mr. Feinberg. Those claimants may be able to receive higher payouts if they are able to prove extraordinary circumstances.
The Oliver Law Group is offering free legal reviews to individuals who were injured, as well as the families of those killed, in automobile accidents allegedly related to GMs ignition switch recall. To learn more about filing a GM ignition switch lawsuit, please contact our office by calling 800-939-7878 today.
About The Oliver Law Group P.C.
Oliver Law Group P.C. is a different kind of law firm. One that focuses on the needs of the injured first. A compassionate law firm dedicated to fighting for the rights of victims and their families, and doing everything necessary to ensure those rights.
The experience of a large firm. The 1-on-1 dedication of a small firm. A reputation built on trust.
Experience. Dedication. Trust. Oliver Law Group P.C.
If you would like to learn more about filing a GM ignition switch recall lawsuit, or GM airbag failure lawsuit due to ignition switch recall problem, turn to the law firm with the Experience, Dedication, and Trust you deserve. Contact the Oliver Law Group P.C. for your free case review by visiting http://www.legalactionnow.com or calling toll free 800-939-7878 today.
The Oliver Law Group
950 W University Drive
Rochester, MI 48307
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