A federal appeals court said General Motors Co is not liable for punitive damage...
) is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches.
GM filed for bankruptcy in June 2009, and its best assets were transferred to a new Detroit-based company with the same name. The other assets and many liabilities stayed with “Old GM,” which is also known as Motors Liquidation Co. The ignition switch defect could cause engine stalls and keep airbags from deploying, and has been linked to 124 deaths.
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