Merely a week after reporting to you on the General Motors Compensation Fund approving its 49th victim in the ignition-switch recall fallout, a 50th victim has been approved as of this writing.
Kenneth Feinberg, appointed to oversee the compensation fund by GM in the wake of the safety crisis, released his latest figures this past Monday. The newest number arrives hot on the heels of the upcoming January 31st cutoff date to submit a claim.
So far, the number of claims Feinberg has approved has been minimal in comparison to the amount of claims filed against General Motors and its faulty ignition switches. Of 338 death claims, 50 have been approved for an appropriate compensation amount, and of 2,730 injury claims, 75 have been granted compensation.
Keep in mind, however, that all of those claims haven’t been fully reviewed, and many are still being refuted, meaning those number are more than likely to rise.
Feinberg said his official number won’t be ready for at least another six months, so stay tuned as information continues to trickle out as we await final number some time in late summer.