Prof. Zimmerman quoted about potential GM victims' compensation fund
Associate Professor Adam Zimmerman was quoted in a Reuters story about a potential GM victims' compensation fund.
Compensation programs come in many forms and can be set up in a variety of ways. Congress created the fund for victims of the Sept. 11 attacks, and the White House worked with BP on its compensation system. A company could also act on its own to set up a fund.
There's another option - working with the U.S. Department of Justice.
U.S. Senator Richard Blumenthal, a Connecticut Democrat, suggested that path on Wednesday, saying that GM should agree to make victim restitution a part of any resolution to the ongoing criminal investigation.
That could be GM’s best option, as working together with federal prosecutors may help allay criticism that it is acting in its own self-interest, said Adam Zimmerman, a professor at Loyola Law School and tort law expert who worked on the Sept. 11 fund. While fairly unusual, such an agreement would give GM, and victims, “more legal certainty and justice than its own fund.”