GM Can’t Avoid Up to $10 Billion in Switch Suits, Court Says

Updated on
  • GM’s ’need for speed’ in bankruptcy sale doesn’t trump suits
  • Lawsuits claim GM vehicles lost value over ignition flaw

A federal appeals court upended General Motors Co.’s plan to shed hundreds of lawsuits seeking as much as $10 billion over a deadly ignition switch defect, ruling that such cases aren’t automatically barred by the company’s 2009 bankruptcy sale to a new corporate entity.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.