The death toll from crashes involving GM vehicles with defective ignition switches has risen to 57. GM has hired an independent compensation expert to examine claims that have been submitted from those who have been injured or the loved ones of those killed in accidents involving defective GM ignition switches.
The claims had to be postmarked before January 31 to be considered eligible for compensation. Each eligible death claim is worth at least $1 million. As of February 20, the expert has received 479 death claims and 3,866 injury claims. Of the injury claims submitted, 94 will receive compensation. Of the 4,345 claims submitted, 666 were rendered ineligible, and 151 are eligible. The rest are still under review.
The claims relate to faulty ignition switches on Chevy Cobalts and other small Chevy vehicles. GM was aware of the problem with the switches, but waited over 10 years to recall the vehicles. Ultimately, 2.6 million cars were recalled. On those cars, the switches could slip out of the “on” position, causing the vehicles to stall, which knocked out power steering and turned off the air bags.
Those who accept compensation from GM will forfeit their right to sue GM in court. GM still faces 104 lawsuits related to the switches, as well as 108 class action lawsuits that claim that the defective switches reduced the value of customers’ vehicles.
If you have been injured in an automobile accident involving a defective vehicle, call the attorneys at Kennedy Hodges at 888-894-0119, or visit us on Facebook. We can help you make a claim for compensation against the automaker. Call to schedule your free consultation.