In addition the company is facing investigations by the
Among the new disclosures:
-- 32 lawsuits against GM seeking damages for injuries or deaths blamed on the failure of the ignition switch to work properly.
-- 95 putative class action lawsuits blaming the defect for reducing the value of their vehicles, as well as eight similar cases in
-- A shareholder lawsuit accusing GM of lying to stockholders and a eight separate lawsuits accusing the company and its board of directors of corporate governance violations.
GM said it would battle the economic-loss cases because its Chapter 11 bankruptcy restructuring in 2009 protects it from those liability claims arising before it exited bankruptcy in
In a filing with the
"We are investigating these matters and believe we are cooperating fully with all requests," GM said. "Such investigations could in the future result in the imposition of material damages, fines or civil and criminal penalties."
If victims choose to sue GM instead of settling, the company plans to fight those lawsuits.
Analysts have estimated the final cost of settlements, lawsuits and government fines could reach into the billions.
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