Following a litany of investigations, audits, reports and admissions of failure, it was only a matter of time before the plaintiff’s bar was stirred to action against General Motors for its delayed recall of faulty ignition switches. A new report last week, which resulted in the termination of 15 GM managers, may be the straw to break the proverbial camel’s back. While a multitude of suits have already been filed, the report could mean a deluge of additional litigation, and when the smoke clears, the resulting payout could rank among the most expensive civil cases ever.
Over 80 complaints have already been filed as a result of the ignition switch recall. Most seek damages for accidents or the reduced resale value of a vehicle. The Wall Street Journal reports that absent injury claims, depreciation pay outs could range between $500 and $1000 per car.