GM Directors Don’t Have to Face Claims Over Flawed Ignitions
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General Motors Co. directors don’t have to face investors’ allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 deaths.
GM’s board had adequate risk-assessment systems in place even though the carmaker produced Chevrolet Cobalts and Saturn Ions with defective ignition switches, Delaware Chancery Court Judge Sam Glasscock said Monday in throwing out a lawsuit filed by pension funds.