Mexican Media Brands
Judge Says GM Is Shielded from Pre-2009 Lawsuits
Federal bankruptcy judge Robert Gerber has ruled that General Motors Co. is not liable for the wrongdoing of "old" GM before the company emerged from Chapter 11 bankruptcy in 2009.
#legal
Share
Federal bankruptcy judge Robert Gerber has ruled that General Motors Co. is not liable for the wrongdoing of "old" GM before the company emerged from Chapter 11 bankruptcy in 2009.
The decision shields GM from dozens of lawsuits stemming from 2.6 million defective ignition switches used in GM cars between 2005 and 2011. GM had argued that it was specifically protected against liability for pre-2009 product defects by the terms of its bankruptcy agreed to by Gerber six years ago.
The ruling also shields GM from some $10 billion in economic claims by owners of pre-2009 cars, who say the ignition switch recall and dozens of others launched last year reduced the value of their vehicles.
RELATED CONTENT
-
Tesla’s Autopilot Feature Deemed Partly to Blame in Fatal Crash
The U.S. National Transportation Safety Board has concluded that Tesla Inc.’s semi-autonomous Autopilot feature was partly to blame for a crash 15 months ago that killed one of the carmaker’s customers.
-
U.S. Lawsuit Says Bosch Conspired with VW on Cheater Diesels
A U.S. lawsuit claims Robert Bosch GmbH conspired with Volkswagen AG to equip diesel-powered vehicles with software to cheat emission tests.
-
Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.