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General Motors

GM extends ignition-switch claim deadline

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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November 17, 2014, 10:35 AM ET
Kenneth Feinberg Announces GM Ignition Compensation Program
Kenneth "Ken" Feinberg, managing partner and founder of Feinberg Rozen LLP, speaks during a news conference at the National Press Club in Washington, D.C., U.S., on Monday, June 30, 2014. Feinberg, hired by General Motors Co. (GM) Chief Executive Officer Mary Barra to administer the company's compensation fund, said GM will spend whatever it takes to compensate victims of accidents in Cobalts, Ions and other cars with faulty ignition switches. Photographer: Andrew Harrer/Bloomberg via Getty ImagesPhotograph by Andrew Harrer — Bloomberg/Getty Images
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If you think you’re eligible for compensation from GM’s ignition switch protocol, you now have an extra month to file your claim.

The period for filing was originally slated to end on Dec. 31, but the administrator of the Faulty ignition-switch compensation fund said late last night that it has extended the deadline through Jan. 31.

The program started excepting claims in August, and has received around 2,000 applications so far. Of those, 67 claims have been deemed eligible, including 32 death claims, as of Nov. 7.

In an appearance on CNBC this morning, fund administrator Ken Feinberg said that over half of the applications the protocol has reviewed “have no documentation whatsoever about the crash.” That doesn’t automatically mean the story is over though, he said.

“We’ll work with them to find out whether it was the ignition switch that caused the accident.”

Feinberg also noted that of the 13 deaths initially acknowledged by GM (GM), nine families have entered into the protocol, two will be soon and the other two have been contacted.

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By Ben Geier
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