Boston, MA 09/26/2014 (wallstreetpr) – A lawyer handling the case involving the death of people due to the ignition switch problem of the America’s biggest automaker, General Motors Company (NYSE:GM), said that two victims families were ready to accept the offer of compensation from the company to settle the issue. Undoubtedly, the ignition switch was the worst scenarios that the company had to face that resulted in a record number of vehicles being recalled in a single year.
The ignition switch issue has not only taken away its attention from its key issues, it has also shifted a significant portion of money to settle the case arising out of the issue.
Two Teenage Killed
Two teenage girls, Natasha Weigel and Amy Rademaker, were killed in 2006 crash, which involved the company’s 2005 model of Chevy Cobalt; Reuters reported quoting the lawyer Robert Hilliard. Incidentally, Chevy Cobalt was one of the models that General Motors had recalled in the current year following the ignition switch problem. However, he refused to quantity the amount of the settlement that the two girls’ families have agreed to accept.
Incidentally, it was the first publicly known incident of a family of crash victim accepting the compensation offers from General Motors Company (NYSE:GM)’s program. General Motors has set up a separate fund with a specific allocation of money under the administration of a lawyer Kenneth Feinberg, who also managed 9/11 and the Deepwater Horizon oil spill victims claims.
Claims Increase
The total claims filed with the Administrator for injury and death has increased to 850 on Wednesday, including claims of 150 deaths. As of last Friday, i.e. September 19, the official administrator has declared that 21 claims were eligible for death compensation. Of this, Deputy Administrator of the fund, Camile Biros, said 15 victims families were offered cash offers orally. Lawyer Hilliard confirmed that 12 of his clients got the offer. As per the program, every death victim would be eligible for a claim of a minimum of $1 million with the possibility of increasing the amount based on the deceased’s dependents and other extraordinary circumstances. The lawyer also said that most of his clients felt that the offer were reasonable indicating that the solution to the issue would be round the corner.
General Motors spokesman said that General Motors Company (NYSE:GM) would abide by the determinations of Feinberg, and it would not comment on any individual claims.
