It’s been a long, rough road for the General Motors ignition-switch recall saga. Early GM estimates of deaths caused by the faulty ignition switches pale in comparison to where the number stands today.
Feinberg’s office reports there are 495 cases left to review, with 26 of them involving loss of life, making it possible for that number to scale higher through the summer months. The other 469 cases deal with serious injury, including brain damage, loss of a limb or serious burns, and less severe injuries.
Still, no party has refused the settlement offered by the compensation fund, rightfully waving their right to sue General Motors over the ignition switch issue.
General Motors has estimated after all applications are reviewed the settlement costs will tally up around $550 million.