GM LIMITED * USA: By ignition-swith defect
* DC - GM loses legal bid to limit fallout from ignition switch cases
--- The nation's top court on Monday rejected a request from General Motors Co. to limit the fallout from its ignition-switch defect... The U.S. Supreme Court denied the Detroit auto maker's request to review a lower-court ruling that gave some victims' families the power to sue over defective ignition switches, exposing the company to billions of dollars in potential new claims... The decision could expose GM to hundreds of additional wrongful death and personal injury cases... The potential legal claims could total more than $10 billion, according to a bankruptcy judge's estimate, though the ultimate financial fallout could be far less if plaintiffs don't prevail in court or reach settlements.
Detroit, MICH, USA - Dow Jones Newswires, by Katy Stech and Mike Spector - April 24, 2017