GM’s Plan to Pay $22 Per Car Not Good Enough – Lawyers and Settlements
July 28, 2014/
GM’s Plan to Pay $22 Per Car Not Good Enough – Lawyers and Settlements
Attorney Lance Cooper, from Marietta, Georgia, who represents a number of the families injured in the GM ignition switch disaster says “$400 million is an arbitrary number.
“And if GM is really serious about giving the head of the compensation team, Ken Feinberg, complete discretion to make awards, that $400 million number is irrelevant,” he adds.
“What is most important is that Mr. Feinberg does the right thing and makes full and complete awards for all eligible claims regardless of the ultimate total amount awarded,” says Cooper. “If he does that, given our understanding of the number of claims, the number will certainly wind up being much higher than $400 million.”