GM Agrees to Accept Future Product Claims on Existing Cars, But Not Existing Claims

Todd Slaughter

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It was reported today in Bloomberg.com that GM has made concession in its bankruptcy proceeding to accept future injury claims arising from existing vehicles, but those already injured by the products will have their claims wiped out. This purportedly was done to lessen the objections to the bankruptcy plan, and to smooth the way for a potential purchase of the company. This concession contrasts with Chrysler's bankruptcy where immunity for all current and future claims arising out of pre-"New Chrysler" vehicles was extended.

This huge loophole still allows GM to avoid corporate responsibility for the injuries and deaths that their vehicles caused before the flight to bankruptcy. Those innocent injured and killed will lose all justice for the wrongs committed upon them for the perceived benefit of corporate survival. The cost of their injuries and deaths will be placed upon the American taxpayer in one form or another. How many times do these companies need to be bailed out?