The death toll from accidents resulting from General Motors Co.’s defective ignition switch vehicles has reached 57, the total of which increased by one since last week, the Associated Press reported. The last of claims eligible for compensation are being examined if they were postmarked by January 31, the deadline for the claims process.
Those who will agree to receive compensation from GM forfeit their right to sue the automotive company.
Federal investigators found that GM knew of the presence of faulty ignition switches on a number of their small vehicles, including Chevrolet Cobalts and others, for over 10 years before finally issuing a recall in 2014.
In 2014, GM allotted $400 million to make settlement payments but recently conceded that the amount could increase to $600 million. Feinberg noted that GM already paid $93 million in claims, GM’s annual report showed.
Our attorneys at the Woodson Law Firm in Fort Worth specialize in handling personal injury cases in the area and throughout the state of Texas. Learn more about the legal services we offer when you contact our offices today at (817) 338-0303.