GM ignition-switch victim fund approves 80 death claims
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The Basic Motors ignition switch casualty fund has continued to approve more promises, bringing the unofficial dying total to 80.
The latest position report provides an added 16 departures from early last month, while damage-claim acceptances have increased to 148 (PDF).The fund, managed by lawyer Kenneth Feinberg, continues to be executed using a reduced standard of evidence than General Motors used for its official death count of 13. The amounts seem to vindicate a statistical evaluation that believed a accurate cost of at least 74 casualties, according to the comparatively large number of departures in General Motors's affected vehicles when compared with section peers. The system ceased accepting new entries by the end of January, yet more than 1,200 filings are still under evaluation. About 22% of the processed departure claims happen to be approved, and 9 1 are now expecting a final judgment. The firm hasn't upgraded its price estimate for the plan, that was initially anticipated to need $400-600 million. Read Source
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