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9/11

Feinberg: GM willing to pay "whatever it costs" to victims

Monday, June 30, 2014 - 01:17

General Motors Advisor Ken Feinberg says GM has agreed to pay whatever costs are deemed appropriate to compensate eligible victims of ignition switch failure using a pattern set by the 9-11 compensation fund. Rough Cut. No reporter narration.

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ROUGH CUT - NO REPORTER NARRATION General Motors victim fund advisor Ken Feinberg describes how using a formula based on data from the U.S. Bureau of Labor Statistics and strict rules on which claims are eligible for compensation, GM is prepared to pay eligible victims of ignitions switch failures. Victims of death or catastrophic injuries will be eligible to apply for expected lost wages, plus $1 million dollars for pain and suffering. Surviving spouses or dependents are eligible for $300,000.

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Feinberg: GM willing to pay "whatever it costs" to victims

Monday, June 30, 2014 - 01:17