P&A Providers & Administrators
MenuMENU
SearchSEARCH

GM Names Feinberg to Run Accident Victims’ Fund

June 6, 2014
2 min to read


General Motors Co. (GM)’s plan to compensate accident victims will be administered by Ken Feinberg, a lawyer who ran payment programs for victims of the Sept. 11 terrorist attacks and the 2010 BP Plc oil spill, reported Bloomberg.


Starting Aug. 1, Feinberg said he’ll accept claims arising from accidents related to defective ignition switches before and after the carmaker’s 2009 bankruptcy. Feinberg, earlier hired by GM to advise on how it might help customers, said he will spend the next few weeks exploring terms and conditions for a compensation program.

Ad Loading...


“I have already drafted some preliminary compensation ideas and plan to share them in confidence over the next few weeks with lawyers, public interest groups, GM and others interested in the compensation program,” Feinberg said in a statement today.


After recalling 2.59 million cars with ignition problems which it linked to 13 deaths, Detroit-based GM, founded in 1908, must tackle its biggest challenges since its bankruptcy. They range from more than 100 lawsuits to regulators’ probes on why GM waited a decade or more to fix the fault. The compensation plan will cover an estimated 1.6 million cars made between 2003 and 2007 and another million of 2008 to 2011 model years, GM Chief Executive Mary Barra said.


Barra didn’t say whether Feinberg will run a BP-style compensation fund, or how much money he would have to pay victims. While GM keeps a precise count on some other lawsuits stemming from the recall, it hasn’t estimated how many injury suits it faces, or the size of potential claims on its payment program.

More Industry

Photo of gray SUV plugged into public electric-vehicle charger in parking lot
Industryby Hannah MitchellJuly 21, 2026

World EV Adoption Set to Grow

A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.

Read More →
Bar chart of truck and SUV segments' weekly value change
Industryby StaffJuly 21, 2026

Black Book: Weekly Market Update

Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.

Read More →
laptop with blue car on screen on a shopping website, Clear Costs Convert
Industryby Lauren LawrenceJuly 21, 2026

Pricing Transparency Drives Purchase Consideration

An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.

Read More →
Ad Loading...
Bar graphic of used-car segment weekly change
Industryby StaffJuly 14, 2026

Black Book: Weekly Market Update

Used-vehicle market depreciation was the prevailing story in the wholesale market last week.

Read More →
Light-blue Fiat car parked on a sunny Chicago street
Industryby Hannah MitchellJuly 14, 2026

Smaller Is Looking Better

A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.

Read More →
man sitting at desk using calculator with charts in front of him, to-go coffee cup on desk, rising and falling data chart in front
Industryby Lauren LawrenceJuly 14, 2026

U.S. EV Market Slowly Stabilizes

U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.

Read More →
Ad Loading...
blue background, map of the world with connecting lights and an electric vehicle emblem in the middle
Industryby Lauren LawrenceJuly 8, 2026

Global EV Market Entering New Phase

Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.

Read More →
Bar chart showing week-over-week wholesale automotive price change
Industryby StaffJuly 7, 2026

Black Book Weekly Market Update

The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.

Read More →
Photo of Honda CR-V SUV on two-lane road next to roadside trees
Industryby Hannah MitchellJuly 1, 2026

Auto Affordability in Context

Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.

Read More →
Ad Loading...
Line chart of used-vehicle days to turn over past week
Industryby StaffJune 30, 2026

Black Book: Weekly Market Update

Automotive auction inventory increased last week, giving choosy bidders even more leeway.

Read More →