No Limit on GM Compensation Fund

General Motors claims administrator Kenneth Feinberg said he will not give a concrete estimate of the full cost of GM’s compensation package to the families of the victims who died due to GM vehicles’ defective ignition switches, The Associated Press reported on June 30.

Because public claims filing has not yet begun, Feinberg said calculating the number of claims and compensation is premature at this point. However, GM did not give him a cap on the amount of money he can give to families who qualify. Filing for claims will start on August 1 and end on December 31 of this year.

Feinberg’s announcement came the same day that GM recalled 8.2 million vehicles – a number that increased this year’s recalls to 40 million vehicles. Accidents or injuries related to this recall will not be eligible under this particular claims process.

If you or a loved one has been hurt in a car accident due to the negligence of someone else, including a car manufacturer, we at LaMarca Law Group, P.C., in Des Moines may help you pursue remunerations. Call us today at (515) 705-0233 to discuss your options.

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