2009 Bankruptcy May Not Fully Protect GM From Ignition-Switch Lawsuits - The Car Connection
That's been crucial in GM's ongoing "Switchgate" fiasco, which involved millions of vehicles manufactured by old GM. As such, new GM has been shielded from plaintiffs, but a bankruptcy judge has just ruled that new GM may, in fact, be held... ) Instead, the plaintiffs were a group of GM vehicle owners who complain that the headline-grabbing ignition-switch recall has ruined the resale value of their automobiles. Such cases are ineligible to apply to the compensation fund, meaning that they have to sue shallow-pocketed old GM for restitution. Source: www.thecarconnection.com
