Thursday, July 2, 2009

GM/Chrysler bankruptcy debate continues

The Products Liability Profs blog reports the most recent developments in a story titled "GM Product Liability Plaintiffs Better Off Than Secured Creditors" (available here): "General Motors Corporation has agreed to assume responsibility for all future liability claims filed after the automaker emerges from bankruptcy, regardless of when the vehicle was made." In a post available here, the PopTort blog argues the agreement does not go far enough: "...if you’re hurt due to a defect in a GM car, and the accident happens AFTER the bankruptcy is over (probably sometime in mid-July) the company will still be responsible for your injuries. But if you have already been injured and/or have already filed your claim – you are completely out of luck." Finally, here is a video on the subject from CBS News:

No comments: