Aug 8 The lawyer overseeing a General Motors Co
fund set up to compensate victims of accidents caused by
faulty ignition switches in its cars has received claims for 63
deaths cases, the Associated Press reported, citing a
spokeswoman for the fund.
Lawyer Kenneth Feinberg, who is overseeing the fund,
received 125 claims by Friday afternoon since it was set up a
week ago. The AP said 62 others were seeking payments for
injuries, citing the spokeswoman Camille Biros. (bit.ly/1ok7Cf6)
Feinberg, who started taking claims from Aug. 1 and will
continue until Dec. 31, will determine the number of claims
eligible for payments and the final payouts.
Biros was not immediately available to comment.
GM earlier this year recalled 2.6 million cars for the
faulty ignition switches, which can cause engine stalls and stop
power steering and power brakes from operating and air bags from
deploying. It has also admitted not fixing the problem for a
The number of death claims represents nearly five times the
13 deaths that GM has attributed to the defective switches.
The Detroit-based automaker has set aside $400 million to
cover victims' claims, but the amount could grow because the
fund is not capped.
Lawyers for various plaintiffs have said several dozen
deaths may ultimately be attributed to the switches.
The payouts from the compensation fund for eligible claims
is expected to be completed by the second quarter of 2015,
Feinberg said in June, adding that the families for those who
died would likely be awarded at least $1 million.
Feinberg has previously handled a compensation fund for
victims of the Sept. 11, 2001 attacks, and a BP Plc fund
for victims of the April 2010 Gulf of Mexico oil spill.
(Reporting by Avik Das in Bangalore; Editing by Bernard Orr)