Kenneth Feinberg

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 The News Wheel

Feinberg Finalizes GM Victim Compensation Fund

Feinberg Finalizes GM Victim Compensation Fund

Yesterday, Kenneth Feinberg, independently hired to handle the GM ignition switch recall compensation plan, detailed his plans for the GM victim compensation fund, which seeks to compensate anyone involved in an accident related to the ignition switch recall. The compensation fund will begin to accept applications on August 1, 2014, and will continue to accept […]

 The News Wheel

GM Ignition Switch Victims Fund Receives First Claims

GM Ignition Switch Victims Fund Receives First Claims

The GM ignition switch victims fund, under the direction of Kenneth Feinberg, opened for claims on August 1, 2014, and will remain open until 11:59pm on December 31, 2014, to settle with anyone harmed in a vehicle affected by the recall. In the first couple days of the fund’s existence, General Motors received around 40 […]

 The News Wheel

General Motors Victim Compensation Fund Will Be ‘Generous and Fair’

General Motors Victim Compensation Fund Will Be ‘Generous and Fair’

Kenneth Feinberg, the high-profile lawyer in charge of the General Motors victim compensation fund following the ignition switch recall of earlier this year and that traces itself back over the last decade, recently told Bloomberg Television that the American automaker was going to be “generous and fair to the victims.” Feinberg emphasized, “No matter what. […]

 The News Wheel

Ignition Switch Settlement Criteria Being Determined

Ignition Switch Settlement Criteria Being Determined

After the Valukas report was released, Mary Barra announced that GM had brought on Kenneth Feinberg to head up a compensation program, in a move to reach out to those who lost loved ones or were victims themselves in the ignition switch failures. This move is most definitely a step in the right direction for […]

 The News Wheel

Mary Barra Heads GM Stockholders Meeting

Mary Barra Heads GM Stockholders Meeting

Today, Mary Barra addressed the company’s stockholders during the annual GM stockholders meeting. “In every market, consumers have more and better automotive choices than ever before,” Barra said. “And the competition is only going to get tougher. This is a reality. Another reality is that GM is positioned to be stronger, leaner and more responsive […]

 The News Wheel

Valukas Report Puts GM in the Right Direction

Valukas Report Puts GM in the Right Direction

The General Motors ignition switch recall has plagued new CEO, Mary Barra, ever since her appointment in late January. In the latest turn of events, the company has received the “Valukas Report,” the findings of an investigation conducted by former U.S. Attorney, Anton Valukas, into the Cobalt ignition switch recall that has been riddled with […]

 The News Wheel

GM Compensation Program Established for Ignition Switch Recall

GM Compensation Program Established for Ignition Switch Recall

General Motors announced this morning that it will be implementing a compensation program for those who have suffered serious physical injuries or lost loved ones due to an ignition switch failure in any of the vehicles that have recently been recalled as a part of the major GM ignition switch recall. This move to establish […]

 Kyle Johnson

“Is The New GM Responsible?”: Barra Fields Tough Questions

“Is The New GM Responsible?”: Barra Fields Tough Questions

Jan Schakowsky (D-Illinois) asks the question on the minds of many: "Is The New GM responsible?"

Mary Barra’s testimony before the U.S. House Energy and Commerce Committee’s Subcommittee on Oversight is still going on, and we’ve only just now had some of the more important questions asked. After enduring a yes/no question barrage from John Dingell (D-Michigan) and the perpetual indignation of Joe Barton (R-Texas), who at one point legitimately used […]