The death toll has currently risen to 104 from GM’s defective and faulty ignition switches. GM has offered 1 million to each family of the deceased and has agreed to make offers to other injured persons.
GM has recalled about 2.6 million defective cars and has acknowledged that the company knew about the faulty parts for more than a decade.
Thus far, GM has paid 200 million to settle claims filed.
Although the compensation funds paid out may appear significant, they may not be sufficient to address the losses sustained by all the injured parties, the deceased and the families of the deceased, especially in light of the fact that GM knew about this serious problem for 10 years.
Many plaintiffs and their families may reject the offers and pursue their claims further in litigation. And who knows, in some instances, the jury awards may be more than what GM has proposed.
My opinion is that most of the cases will be settled without trials. Generally, it’s best alternative for a plaintiff to reach a compromise than testing the case before a jury.