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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!