GM Defect Debacle Rains Lucrative Billables On Select Firms
Law360, New York (April 21, 2014, 9:11 PM EDT) -- With General Motors Co. struggling to survive the infamous ignition switch defect, experts say the automaker does not enjoy the kind of leverage clients often have when it comes to hiring a legal team, putting a few elite attorneys in position to demand top-of-the-line rates.
The massive liabilities stemming from the deadly defect and GM's decade-long delay in recalling the 2.6 million affected vehicles mean that the company will spare no expense in its legal representation, according to attorneys. Dozens of big-dollar lawsuits have been popping up around the country against the backdrop of highly publicized criminal and congressional investigations in...
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