GM Pays DOJ $900M, Takes $575M Charge In Civil Deals

Law360, New York (September 17, 2015, 9:49 AM EDT) -- General Motors Co. on Thursday announced a $900 million criminal settlement ending the government's investigation into faulty ignition switches and also resolved more than half of all death and personal injury lawsuits in the ongoing multidistrict litigation and a shareholder class action in two civil settlements that will result in a $575 million charge in the third quarter.

Bharara said at a Thursday news conference that his meetings with victims and families of GM's ignition switch defect were "among the most searing moments" he has spent in his six-plus years on the job. (Video: Law360) The automaker did not disclose the individual...

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