GM Plan Won't Pay Punitive Damages: Feinberg

GM Plan Won't Pay Punitive Damages: Feinberg Play

June 30 (Bloomberg) -- Attorney Ken Feinberg talks about General Motors Co.'s program to compensate victims of accidents in Cobalts, Ions and other cars with faulty ignition switches. Feinberg, hired by GM to make the payments, says the automaker will pay anyone who proves they were injured in a crash tied to the faulty switches in one of 2.59 million recalled cars, even if they were drunk or texting on their phone at the time of the accident. He speaks with Alix Steel on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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