GM nailed again, this time $10 billion lawsuit
As if the recall of 20 million cars and a new CEO isn’t enough turmoil, GM is now being sued for $10 billion. The lawsuit, filed by attorneys Hagens Berman Sobol Shapiro, details GM hurt its customers by concealing defects. The result: devaluation of many late-model vehicles by about $500 to $2,600 in resale value. The news agency, Reuters reported the plaintiff is Anna Andrews, a California resident and GM customer. Andrews is seeking class-action status for people who owned or leased GM vehicles sold between the company’s bankruptcy and April 1, 2014 It’s the first legal claim that GM owes customers some compensation for damaging its brand and reputation — a total exceeding $10 billion, to be paid to
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