GM Nears $900M Deal To End DOJ Ignition Switch Probe
Law360, Los Angeles (September 16, 2015, 10:56 PM EDT) -- General Motors Co. and federal prosecutors may announce as soon as Thursday an approximately $900 million criminal settlement ending the government's investigation into faulty ignition switches linked to more than 100 deaths, according to media reports.
A potential settlement with the U.S. Department of Justice, which has been conducting a yearlong probe into the automaker’s handling of the defect, could be announced on Thursday and is expected to require GM to pay $900 million, The Detroit News reported Wednesday, citing multiple anonymous sources.
The settlement will likely see GM charged with at least two felonies, including wire fraud, for misleading consumers...
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