Court OKs Deal Valued At $61M Over Faulty GM Parts

Law360, New York (April 17, 2009, 12:00 AM EDT) -- A federal judge has granted final approval to a settlement conservatively valued at $61 million that resolves litigation over allegedly defective transmission systems in certain Saturn VUE or ION models made by General Motors Corp. between 2002 and 2005.

Judge William B. Shubb of the U.S. District Court for the Eastern District of California signed off on the final judgment Tuesday, bringing an end to the class action over General Motors' VTi transmissions, which has been pending since October 2007.

The settlement, which received preliminary approval...
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