GM Compensation
Following the announcement by General Motors that they will begin to compensate the families of the victims of car accidents due to a faulty switch installed in 2.6 million of their vehicles, compensation specialist, Kenneth Feinberg has revealed the scheme details.
Feinberg announced that he will use the same mathematical calculation that judges, juries and lawyers have been using for decades. This takes the anticipated future lifetime earnings of the victim and adds on to that a separate amount for pain and suffering.
Feinberg was able to confirm that it will be him and not GM who is administering the fund and they would have no involvement in the actual amount of the payouts nor would they be capping any individual award. GM would also have no right of appeal.
He did acknowledge that whatever amount the families and victims received, while it would in some way compensate them for their losses and injuries, it would never return their loved ones to them nor bring those with permanent injuries back to full health.
If you, or a loved one, have been seriously injured or killed in an automobile accident involving a car which was defective, faulty, or recalled, the Boulder City accident attorneys of Jolley Urga Woodbury & Little can help you get the compensation that you deserve. Please call us at (702) 699-7500 or contact us online today to schedule your free initial consultation and learn more about your legal rights.
