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GM ignition-switch death toll rises to 27, Feinberg fund shows

The number of fatalities tied to the General Motors Co. ignition-switch defect has more than doubled from initial company estimates, based on the latest data from a victims compensation program.

By Jeff Plungis, Bloomberg | Updated on October 14, 2014
(Bloomberg) — The number of fatalities tied to the General Motors Co. ignition-switch defect has more than doubled from initial company estimates, based on the latest data from a victims’ compensation program.

The fund, run by Kenneth Feinberg to evaluate claims tied to the defect and offer cash settlements, said today it approved 27 payouts as of Oct. 10 for cases of death. At least 151 other fatality claims are under review.

GM, the largest U.S. automaker, said in July it was setting aside $400 million to $600 million to pay victims, and would abide by whatever determinations Feinberg makes. Feinberg has declined to speculate how much GM could pay out.

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