GM’s Ignition Switch Recall – Another Fund, or Litigation?

Which direction will GM take for its ignition switch failures – a compensation fund or litigation? Relevant considerations include the outcome of the ongoing internal investigation undertaken by Anton Valukas, reputation risk, costs, insurance (or self-insurance), and the terms of GM’s prior race through a farcical chapter 11 proceeding. News stories this week arise from Senate hearings. The events include GM hiring Ken Feinberg to provide his thoughts, and HarrisMartin scheduling a May 28, 2014 litigation seminar regarding the switch failures.

Many things move fast these days. Litigation typically does not. My bet is against GM Letting this fester for years.

#CrisisManagement

Recent Posts

See All

VW’s $18 Billion Pain

An ounce of prevention versus ………. VW’s $18 billion charge for the emissions cheating scandal provides a timely example of the need to stay in front of technology and to do it right.

About Kirk

Since becoming a lawyer in 1983, Kirk’s over 30 years of practice have focused on advising a wide range of corporations, associations, and individuals (as both plaintiffs and defendants) on both tort and commercial law issues centered around “mass torts.”

Read More...

Copyright © 2020, GlobalTort All Rights Reserved.