GM fund approves three new injury claims to 272 - The Detroit News
Washington — General Motors ignition compensation fund said Monday it has approved three new injury claims and no new death claims as the fund plans to complete its review by the end of the month. The fund run by lawyer Ken Feinberg said it has now approved 396 total claims — including 269 injury claims and 124 death claims. Of those injury claims, 17 are for serious injuries and 255 are for less severe injuries. The fund revised one of the approved injury claims to a less serious injury. The fund has just seven death and 142 injury claims left to review — meaning the total deaths approved won’t top 131. The fund expects to release final figures by mid-August. GM said last week it now expects to spend $625 million on compensation efforts — up from its most recent estimate of $550 million. GM compensation fund deputy director Camille Biros said last week the fund has made 319 offers — including 95 for deaths — and 227 have been accepted, while six have been rejected and 86 are outstanding. The Justice Department is nearing a decision on whether to charge GM criminally in connection with the delay — and could seek to require a guilty plea or offer a “deferred prosecution” agreement — along with a fine expected to top $1. 2 billion —... Source: www.detroitnews.com
