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GM crash victim payment plan won’t have limit

By Tom Krisher
Published June 29, 2014 1:08am ET
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GM crash victim payment plan won’t have limit
FILE - In this July 11, 2013 file photo, attorney and special adviser Kenneth Feinberg speaks at a public forum on the distribution of Newtown donations at Edmond Town Hall in Newtown, Conn. Feinberg plans to announce the terms of General Motors' plan to pay victims of crashes caused by bad ignition switches on Monday, June 30, 2014. (AP Photo/Jessica Hill, File) | Jessica Hill

DETROIT (AP) — When Kenneth Feinberg announces the terms of General Motors’ plan to pay victims of crashes caused by bad ignition switches, he’ll have an open wallet.

Feinberg, the country’s most well-known compensation expert, is scheduled to reveal the terms Monday, and GM CEO Mary Barra has said there will be no cap on payments.

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