GM agrees to pay $575M in settlement for defective ignition switch lawsuits

Detroit, Michigan-based automaker General Motors Co. has agreed to pay $575 million in order to settle hundreds of civil lawsuits- including personal injury and wrongful death cases- which have been filed against the automaker over defective small-car ignition switches that have been linked to at least 124 deaths across the country.

The company announced on Thursday, September 17 that it has reached an agreement with Texas personal injury lawyer Robert Hilliard to settle the combined 1,385 death and injury cases that were filed in connection to vehicular accidents caused by the faulty ignition switches.

The money will also be used to settle a 2014 class action lawsuit launched by shareholders who alleged that GM’s negligence over the defective ignition switches lowered the value of their stocks.

Companies that grow and get large by profiting off of dangerous or defective products should be held liable for their actions. Launch a product liability suit or personal injury suit in Dallas by hiring the legal expertise of our attorneys at the Law Offices of Mark T. Lassiter by calling our offices today.

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