BUSINESS
06/30/2014 10:47 am ET | Updated Jun 30, 2014

G.M.'s Payout Formula for the Dead: $1 Million and Up

ASSOCIATED PRESS

WASHINGTON — A $1 million starting point for each death anchors the formula to pay families of those who died in accidents caused by a defective ignition switch in General Motors cars, under a plan unveiled Monday by a compensation expert hired by the automaker.

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