NEW YORK (Reuters) – General Motors Co persuaded the 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.
In a decision late on Tuesday afternoon, U.S. District Judge Jesse Furman said owners in three “bellwether” states — California, Missouri and Texas — could not seek damages based on the difference in value between what they paid for their defective vehicles and what the vehicles were really worth.
Owners - Failure - Market - Value - Vehicles
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.
The Manhattan-based judge also said that while damages could be measured by costs to repair defective vehicles, they could end up being zero if GM footed the bill.
Furman - Decision - Defeat - Owners - Losses
Furman’s 44-page decision is a defeat for owners who said they suffered economic losses from buying vehicles they thought were defect-free,...
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