A federal judge has denied a motion that sought to oust lead counsel for plaintiffs suing General Motors over deaths and injuries caused by faulty ignition switches.
Ignition Switch Recall
- Seyth Miersma
- Jul 6, 2015
GM has updated the count of eligible claims for its ignition-switch recall.
At the end of January GM said it would hold pat on its dividend of 30 cents per share, leading investors to complain. This week it said it would increase the dividend 20 percent, and later this year would look at "further return of capital to shareholders" assuming it can get the recall fiasco concluded.
The General Motors Ignition Compensation Claims Resolution Facility recently extended its filing deadline by a month, to January 31, 2015. Another 141 claims have been submitted over the past week concerning the ignition switch defect, taking the five-month total to 2,710 claims received.