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Report

The bankruptcy judge deciding whether New GM is responsible for ignition switch cases from before 2009 is putting all of the suits on hold until the US Court of Appeals decides whether to uphold his ruling.

Report

General Motors could face settlements totaling near $2 billion if US bankruptcy judge Robert Gerber rules that executives knew the company might be liable to owners of cars with faulty ignition switches built before its July 2009 bankruptcy. An additional $500 million, according to calculations by Bloomberg News, could be added to that total for vehicles with bad ignition switches that were built post-bankruptcy.