General Motors Co persuaded the U.S. federal judge who oversees nationwide litig...
) persuaded the U.S. federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles lost value because of the defect, which has been linked to 124 deaths.
He said the owners’ failure to show the fair market value of their vehicles, despite testimony from an expert witness, created an “absence of evidence on an essential element” of their claims, making it impossible for a jury to assess damages. Furman’s 44-page decision is a defeat for owners who said they suffered economic losses from buying vehicles they thought were defect-free, only to see the ignition switch problem hurt GM’s brand, reputation and ultimately resale values.
“There has to be a damage remedy for consumers who unwittingly drove cars with serious safety issues,” Berman said in an email. “The car maker doesn’t get a free pass when it’s caught lying years later and then fixes the cars.”
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