Families of those killed by GM defect to receive at least $1M

In a press conference held in Washington D.C. on June 30, compensation expert for General Motors (GM) Kenneth Feinberg announced the company’s plan to provide at least a million dollars for each death associated with GM’s defective ignition switch, the International Business Times reported.

On top of the $1 million is a summation of the victim’s economic worth, an additional $300,000 for a surviving spouse, and another $300,000 for every living dependent. Although the company could have opted to use the bankruptcy it filed for in 2009 to avoid addressing all previous product liability claims, it has chosen not to do this. However, claims in which airbags were deployed will most likely be rejected.

If you have been hurt by a defective product in Detroit, a lawyer at Ravid & Associates, P.C., may help you pursue financial compensation from negligent manufacturers. For a free discussion about your legal options, call our offices at  (248) 948-9696 today.