The Traderszone Network

Published in TZ Latest News 9 December, 2015 by The TZ Newswire Staff

GM fund approves $594.5 million in ignition claims

General Motors Co’s (GM.N) independent fund set up to compensate victims of accidents involving faulty ignition switches awarded $594.5 million and approved 399 death and injury claims, the fund said on Thursday. The fund run by compensation expert Ken Feinberg said 91 percent of proposed awards were accepted by the victims. The fund covered injury and death claims in 2.6 million cars recalled from 2003 through 2011.