According to the Wall Street Journal, General Motors (GM) may soon be facing criminal charges brought by the U.S. Justice Department to punish the company for its alleged lies regarding the decade-long defective ignition switch cover-up. GM was able to avoid class action fraud lawsuits linked to the long-delayed ignition switch recalls because of its 2009 bankruptcy restructuring. However, the automaker’s luck might soon take a turn for the worse as federal prosecutors attempt to discern which charges will be brought and how GM will proceed, whether by pleading guilty, or making a deferred-prosecution deal. If GM were to agree to ... Read More
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