Earlier this year, after General Motors announced a recall of 2.6 million Chevrolet Cobalts and other small cars because of a fatal flaw in an ignition switch, it hired Kenneth R. Feinberg, an expert on victim payment funds, to develop a compensation plan for those killed or injured by the defect.
Now Mr. Feinberg has announced the terms and mechanics of the plan, which could cost the automaker billions of dollars. Those who agree to accept payment under Mr. Feinberg’s plan will not be able to sue G.M. for punitive damages.
Here is a look at the basic provisions....
'via Blog this'
No comments:
Post a Comment