Feinberg previously oversaw the Sept. 11 attacks compensation fund, the BP oil spill fund and compensation paid by General Motors Co. to victims of its faulty ignition switches.
Kenneth Feinberg has to wait for VW to have a diesel engine emissions fix before he can begin accepting compensation claims from owners. Once that process begins, he expects most people to accept his offer.
The attorneys at the GM Ignition Compensation Claims Resolution Facility are now reporting a total of 90 confirmed deaths and 163 injuries in their latest progress report.
In the latest tally released by the General Motors Ignition Compensation Claims Resolution Facility, the number of cases offered compensation for fatalities has risen to 74 people. There have also been 126 injuries linked to the automaker's faulty part.
General Motors received 75 more claims from people about the automaker's faulty ignition switches. The number of eligible claims jumped up by 12, including four more for deaths and eight more for injuries.
The General Motors ignition switch compensation fund received 57 more reports this week that were postmarked before the January 31 deadline. The number of accepted claims ticked up slightly by one additional death and two more injuries.
As the appeal process closes for General Motors' ignition switch recall compensation fund, the tally of claims stands at 4,180. That number might climb, though, because claims postmarked January 31 are still being accepted. As of the latest total, the attorneys found 51 deaths and 77 injures caused by the faulty parts.
According to Kenneth Feinberg, the lawyer and administrator contracted by General Motors to handle its ignition switch liability claims, the automaker's efforts to minimize the potential for lawsuits is working.
GM has thumbed its nose at a pair of US senators today, refusing a request to extend the filing deadline for ignition-switch compensation claims a second time.
The General Motors ignition switch compensation fund has the macabre task of determining whether to pay settlements to those hurt by the automaker's faulty parts. The group, led by attorney Kenneth Feinberg, has been accepting claims since August 1, and the latest statistics have brought to light quite a grisly figure. It has now offered 100 people remuneration for injuries or deaths due to the bad switches.
Victims of faulty ignition switches in General Motors vehicles have been given an additional month to apply for compensation. This comes as administrator Kenneth Feinberg and his team increase their efforts to reach those potentially eligible for recompense under the program. The deadline, which was previously set for
With nearly 1,600 claims in the General Motors faulty ignition switch compensation fund as of Friday, The Detroit News is reporting the co
It appears that the safety problems stemming from General Motors' faulty ignition switches may stretch further than the automaker as admitted to. In a new interview with CNN Money, Kenneth Feinberg, the lawyer overseeing the settlement process for GM, says that there are at least 19 deaths and 12 injuries being compensated so far. That's more than th
Nearly 300 people have filed claims in the General Motors ignition switch recall case, with around 100 claiming the defect led to their loved ones' fatal crashes while 184 people claim they were injured in crashes caused by the recalled ignition switch. The period for filing claims opened on August 1.
"It will be done through cash on hand, no insurance." – David Roman, GM's director of financial communications.
Kenneth Feinberg and General Motors have announced the long-awaited compensation plan for victims of the Detroit-based manufacturer's botched ignition switch recall.
Kenneth Feinberg, the man in charge of the General Motors compensation fund dealing with the its widespread ignition switch woes, has issued an informal, two-letter response to the plaintiffs in more than 70 lawsuits seeking redress for lost resale value of their Cobalts: "No." The cases were recently combined into one, but Feinberg told The Detroit News that the fund will deal "only with death and physical injury claims," and that "perceived d