GM Compensation
Lawyer Kenneth Feinberg, a compensation specialist, is to be in charge of the administration of the GM compensation scheme set up to pay out to the families and victims of those who had car accidents, due to the faulty switch in some GM cars.
Feinberg has met with the families to announce the details of the eligibility criteria and the process of calculating the amounts of compensation to the victims and family members.
Although he said that he knew that the money would not bring their loved ones back and nor would it cure those who have been left with permanent disabilities as a result of the accidents, he hoped that he would be able to ensure that they received awards which some had been fighting for for years.
Feinberg went on to say that the awards would be based on the anticipated future earnings of the victims, plus additional amounts for pain and suffering and to cover medical expenses. He confirmed that it would be he alone who would agree the amounts involved and that GM would not be able to appeal his decisions.
As GM gears up to pay out potentially hundreds of millions of dollars in damages, the company’s recall efforts continue. If you have suffered serious injuries as a result of a defective GM vehicle, please call our Connecticut I-95 accident attorneys at Hastings, Cohan, and Walsh, LLP, at (888) 244-5480 or contact us online today.
