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Saturday, May 23, 2015

GM Ignition Probe Said Advancing as U.S. Mulls Criminal Case - Bloomberg Business

GM Ignition Probe Said Advancing as U.S. Mulls Criminal Case - Bloomberg Business: "The U.S. government is determining whether charges will be brought against General Motors Co. or its employees over the handling of a faulty ignition switch, a person familiar with the investigation said.
Manhattan U.S. Attorney Preet Bharara’s office, with assistance from the Federal Bureau of Investigation in New York, is reviewing evidence tied to the safety defect that was linked to more than 100 deaths and is attempting to determine whether anyone at the automaker broke the law, said the person, who asked not to be identified because the information isn’t public.
The investigators have several options available, including charging the automaker, individuals who work or worked at GM, or reaching a deferred prosecution agreement with the company under which the automaker would pay a fine and change the way it operates in exchange for not being charged, the person said. While the investigation has progressed, no decision is imminent, the person said."



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