The number of claims approved by General Motors (GM) that links their defective ignition switch to a fatal accident has reached 119.
Last year, GM approved the set-up of a compensation fund that would allow those who were injured in auto accident caused by a faulty ignition switch to file a claim for compensation. Families who believed the faulty ignition switch led to the death of their loved one could also file a claim.
Have you been injured as a result of a vehicle defect? The product liability lawyers at Schmidt Kramer can help you determine your legal options.
Call (717) 888-8888 for a free case review.
GM’s Defective Ignition Switch Disaster
In 2014, GM recalled 2.6 million vehicles in the U.S. for an ignition switch that could move from the “run” position to the “accessory” or “off” position, which led to the loss of power. The weight of a key ring or even a bump in the road could turn the key from the on position to off.
After months of investigations, meetings and press conferences, it was revealed that GM knew about the defect nearly a decade ago. The company initially claimed that 13 deaths were linked to auto accidents caused by the defect. However, consumer safety groups alleged the tally could be as high as 300.
More than 4,000 claims were filed. More than 350 claims have been determined to be eligible for compensation. The tally of eligible claims includes 119 death claims and 243 injury claims; 81 claims are still being reviewed.
GM set aside between $400 and $600 million to cover compensation to victims of their defective ignition switch. Families whose death claims have been approved are alleged to be receiving a minimum of $1 million.
Despite the creation of the GM compensation fund, many victims and their families continue to seek legal assistance. Some have even chosen to file lawsuits for the diminished value of their vehicle following the millions of vehicles recalled by the automaker.
At Schmidt Kramer, we believe in obtaining justice for injury victims. We have obtained millions in verdicts and settlements on behalf of our clients, and we can help you determine if you may be entitled to compensation.