GM Likely to Face Criminal Charges Over Ignition Switches
The Wall Street Journal - Christopher M. Matthews, Mike Spector - May 25th, 2015
Federal prosecutors are likely to bring criminal charges against General Motors Co. over an ignition-switch defect linked to more than 100 deaths, but they still have to hash out key issues with GM including whether the auto maker will need to plead guilty and how big a fine it will have to pay, people familiar with the matter said.
Prosecutors have conveyed to GM that a settlement is likely and have had initial conversations about a deal in recent months, but the contours have yet to be set, some of the people familiar with the matter said.
One of the major sticking points between prosecutors and the company is likely to center on whether GM will plead guilty or enter a so-called deferred-prosecution agreement, they said. The size of the fine is also likely to be a point of contention, they said.............
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The Wall Street Journal - Christopher M. Matthews, Mike Spector - May 25th, 2015
Federal prosecutors are likely to bring criminal charges against General Motors Co. over an ignition-switch defect linked to more than 100 deaths, but they still have to hash out key issues with GM including whether the auto maker will need to plead guilty and how big a fine it will have to pay, people familiar with the matter said.
Prosecutors have conveyed to GM that a settlement is likely and have had initial conversations about a deal in recent months, but the contours have yet to be set, some of the people familiar with the matter said.
One of the major sticking points between prosecutors and the company is likely to center on whether GM will plead guilty or enter a so-called deferred-prosecution agreement, they said. The size of the fine is also likely to be a point of contention, they said.............
(Continued)