GM agrees to $900 million criminal settlement over ignition-switch defect

September 17, 2015 2:11 PM

48 0

People who opted to sue GM instead of taking a previous settlement offer may get compensated as part of the settlement announced Thursday by Texas attorney Bob Hilliard.

General Motors agreed to pay $900 million and accept two criminal charges to resolve a Justice Department investigation into its handling of a deadly ignition-switch blamed for more than 120 deaths.

Also read: Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge

Read more

To category page