GM Greenlighted for $120 Million Defective Ignition Switch Deal

A $120 million offer by General Motors Co. and a GM bankruptcy trust to settle consumers’ claims they lost money because of vehicle defects, including widely publicized ignition-switch problems, merits final approval, a federal court in New York ruled.

Judge Jesse M. Furman said Dec. 18 for the U.S. District Court for the Southern District of New York overruled two objections and accepted 146 plaintiffs’ requests to opt out.

The settlement encompasses about 100 class actions for economic loss involving millions of recalled vehicles, consolidated in a multidistrict litigation that also includes individual personal injury and wrongful death suits. Numerous ...