GM Victim Compensation Fund Almost Complete

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Last year, millions of GM vehicles were recalled because they had faulty ignition switches. Those switches could cause the vehicle to lose power while the vehicle was driving. If the vehicle was involved in an accident, the air bags would not deploy because of the loss of power to the vehicle. There is evidence that GM knew about the problem for years and hid the evidence because it did not want to issue a recall. Federal safety officials are still investigating. 

GM set up a fund to compensate victims, which is administered by an attorney. Victims of accidents involving GM vehicles caused by defective ignition switches can either choose to file a lawsuit, or pursue compensation from the fund. The fund had a deadline of January 31, and has finally finished processing the over 4,000 claims it received. About 80 percent of the claims were ineligible.

The fund has determined that 124 deaths and 266 injuries were caused by the defective switches. The families of those who were killed are being offered at least $1 million in compensation. So far, the fund has made 280 compensation offers. As of March, GM had paid $200 million to settle the claims filed with the fund, and has said it anticipates paying up to $600 million.

If you or a loved one has been injured because of a defective vehicle, you are entitled to compensation from the vehicle manufacturer. Automotive manufacturers make hundreds of millions or more in profit, and they must be held responsible for damages caused by their products. Call the Houston personal injury attorneys at Kennedy Hodges at 855-947-0707, or visit us on Twitter, if you have been injured by a defective automobile. 

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