Inquiry Into G.M. Ignition Defect Said to Find Criminal Wrongdoing
Justice Department investigators have identified criminal wrongdoing in General Motors’ failure to disclose a defect tied to at least 104 deaths, and are negotiating what is expected to be a record penalty, according to people briefed on the inquiry.
A settlement could be reached as soon as this summer. The final number is still being negotiated, but it is expected to eclipse the $1.2 billion paid last year by Toyota for concealing unintended acceleration problems in its vehicles, those people said.
Former G.M. employees, some of whom were dismissed last year, are under investigation as well and could face criminal charges. Prosecutors and G.M. are also still negotiating what misconduct the company would admit to.
READ MORE »
http://www.nytimes.com/2015/05/23/business/gm-inquiry-said-to-find-criminal-wrongdoing.html?emc=edit_na_20150522
DO SOMETHING!
| 