Name: No Charges For Deadly GM Execs Despite DOJ's Promises
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No Charges For Deadly GM Execs Despite DOJ's Promises

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On Wednesday of last week, the Justice Department&nbsp;announced with great fanfare that they were changing their policy on letting corporate executives&nbsp;On Wednesday of this week, the Justice Department&nbsp;announced it will let for defrauding consumers and misleading regulators on a faulty ignition switch that killed over 120 people.Was the promise of reform at DOJ a lie or did the criminals at GM just beat the buzzer?Due to some legal absurdities and corporate maneuvering related to the , GM is not civilly liable for the lives its fraudulent conduct ruined and ended. But the company has had to offer some restitution to save what is left of its reputation.In order for that effort to have credibility, GM went outside the company and hired renowned jurist Ken Feinberg who revised the number of deaths caused from the ignition switches and developed a compensation structure for victims. GM also had to issue a recall order for 2.6 million of its carsThe deal reached between DOJ and GM includes a $900 million penalty and a three year deferred prosecution agreement. The deferred prosecution agreement will be reinforced by the corporate entity known as GM — not any actual people — being criminally charged and, in the event GM does not comply with the agreement, the criminal charges will go forward and the deferred prosecution agreement dropped.But if GM complies with the deferred prosecution agreement for the three years it is in force, the criminal charges disappear. It is a great deal for GM and a terrible outcome for the maimed victims and the families of those killed who know the executives that deceived customers and regulators will not face justice.Shadowproof is a financially independent news organization. All of our funding comes from small donations made by readers like you.We use your donations to hire freelance writers and cover our operating costs. Monthly membership subscriptions give us the stability we need to make plans while ensuring our organization does not depend on grants or major funders. If you like what you read, support our writers with a donation today.&nbsp;

On Wednesday of last week, the Justice Department&nbsp;announced with great fanfare that they were changing their policy on letting corporate executives&nbsp;On Wednesday of this week, the Justice Department&nbsp;announced it will let for defrauding consumers and misleading regulators on a faulty ignition switch that killed over 120 people.Was the promise of reform at DOJ a lie or did the criminals at GM just beat the buzzer?Due to some legal absurdities and corporate maneuvering related to the , GM is not civilly liable for the lives its fraudulent conduct ruined and ended. But the company...

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Dan Wright

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No Charges For Deadly GM Execs Despite DOJ's Promises

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