The Traderszone Network

Published in TZ Latest News 15 April, 2015 by The TZ Newswire Staff

GM is shielded from some ignition-switch suits, ruling finds

GM had argued it was protected from claims on vehicles pre-dating its 2009 exit from Chapter 11 bankruptcy, while plaintiffs in the lawsuits said the company violated their constitutional rights by failing to disclose the defect. The decision by U.S. Bankruptcy Judge Robert Gerber means GM may avoid potentially billions of dollars in liability, as well as the cost of defending those lawsuits, although claims arising from GM’s conduct after its bankruptcy will not be affected.

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