GM Sued for $10 Billion Over Losses on 27 Million Cars
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General Motors Co. was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices.
The would-be class action against GM seeks to represent owners who bought or leased a recalled car from July 2009 to July 2014 and still have it, or sold it after mid-February when the recalls started, or had an accident that destroyed it after that date. More than 20 million customers could join the suit, Steve Berman, one of the plaintiffs’ lawyers, said in an e-mail today.