GM Compensation Fund Eligibility
General Motors’ ignition switch compensation fund is an open-ended plan meant to provide victims and families affected by the automaker defective ignition switches with a means to resolve their clams in a manner that is faster than pursuing the claims in court.
However, General Motors has released a set of eligibility guidelines outlining who is eligible for compensation through their settlement fund.
Who is Eligible of the GM Settlement Fund?
In order for your claim to be considered, GM has set eligibility requirements which include:
- Drivers, passengers, pedestrians who were injured after a recalled vehicle lost control, and occupants of other vehicles involved in an accident with a recalled GM vehicle are eligible for compensation.
- Those who wish to be included in GM’s settlement fund can file their claim between August 31, 2014 and December 31, 2014.
- Supporting evidence will be required and may include accident or insurance reports, medical records, black box data, photographs or video footage, and maintenance reports showing stalling occurred prior to an accident.
- Those who have received previous out-of-court settlements from GM may apply for addition compensation.
- The fund will not be open to clients seeking compensation for economic-loss or property damage calms.
What Vehicles are Covered by the Fund
According to GM, vehicles currently covered by the settlement fund include:
- 2005-2007 Chevrolet Cobalt
- 2006-2007 Chevrolet HHR
- 2007 Daewoo G2X
- 2007 Opel/Vauxhall GT
- 2005-2006 Pontiac G4
- 2007 Pontiac G5
- 2005-2006 Pontiac Pursuit
- 2006-2007 Pontiac Solstice
- 2003-2007 Saturn Ion
- 2007 Saturn Sky
Thomas J. Henry Represents GM Recall Victims
Thomas J. Henry is representing more than 1,000 GM recall victims across the United States and has been investigating injuries and deaths linked to the recall since day one. The firm launched a nationwide media investigation into the recall in April, which brought forth thousands of affected individuals who had information critical to the investigation – information that the firm has handed over to federal agencies also investigating GM’s sluggish response the recall.
As more and more individuals have flocked to Thomas J. Henry for representation, the firm has continued to push GM for a victim settlement fund. The firm has had several talks with GM’s victim compensation expert Ken Feinberg regarding appropriate victim compensation for the thousands affected by a fatal design flaw in ignition switches which left numerous dead and countless others seriously injured.
AUTOMOBILE ACCIDENT RESULT
$1.8 MillionExpenses: $20,000.00 | Attorneys Fees: $765,000.00 | Net to Client: $1 Million
AUTOMOBILE ACCIDENT RESULTS
$2 MillionExpenses: $78,475.96 | Attorneys Fees: $850,087.96 | Net to Client: $1,071,436.00
AUTOMOBILE ACCIDENT RESULT
$2.3 MillionExpenses: $200,000.00 | Attorneys Fees: $900,000.00 | Net to Client: $1.2 Million