In what could cost General Motors billions of dollars, the 2nd U.S. Circuit Court of Appeals ruled that ignition switch recall plaintiffs can’t be barred from suing the company post-bankruptcy. The judge ruled that doing so would violated the plaintiffs’ right to due process.
Could Include Claims of Lost Vehicle Value
Not only will the ruling affect the lawsuits about the injuries and deaths that occurred because of the ignition switch recall, but it will also affect claims that GM vehicles lost value. Plaintiffs have filed lawsuits over their GM vehicles now being worth less since the recall, which GM fought. The plaintiffs’ attorneys believe that this alone could cost GM up to $10 billion.
General Motors had argued for the longest time that it should not be held liable for what happened before it filed for bankruptcy. General Motors has not issued a comment on the ruling yet, but a spokesman for the auto manufacturer said that some of the claims against the company are questionable. In addition, he said that a motion by GM to dismiss the lost-value lawsuits is currently in front of a federal judge.
Ignition Switches Have Been Linked to More Than 100 Deaths
General Motors has already paid around $2 billion in fines and settlements related to the ignition switch recall. Over 100 deaths and 250 injuries have been linked to the ignition switches. The recall was issued in 2014, but it came out that GM not only knew about the problem for about 10 years, but tried to hide it from consumers.
Have You Suffered Because of GM’s Ignition Switch?
If you or a loved one have suffered because of an accident linked to GM’s ignition switch or if you own a GM vehicle that has substantially lost value, you may have a case for compensation. An experienced attorney in GM ignition switch lawsuits may be able to help you. He or she can provide you with the information you need about your legal options.
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