Old GM settles lawsuit with "Dex-Cool" owners
By Drew Johnson

The lawsuit stems from a 2008 settlement. GM agreed to pay up to 35
million vehicle owners as much as $800 for engine and cooling system
failures linked to its "Dex-Cool" system. Most of the claims were
settled prior to GM's 2009 bankruptcy, but some owners were left without
compensation.

However, those "Dex-Cool" owners left out by GM's bankruptcy will
finally receive their payments - pending final court approval. Old GM
has agreed to pay $2.2 million, listing the owners as one of its
debtors. The owners will receive their payment as stock in the new GM,
which will be sold for cash.

Prior to its 2009 bankruptcy, GM doled out $6.1 million to settle 40,000
of the 68,000 claims involving its "Dex-Cool" system. Additionally, GM
also covered the owners' $24 million in legal fees.

GM used the "Dex-Cool" system in several vehicles between 1995 and 2004,
including the Pontiac Aztek, Grand Am and Grand Prix.

http://www.leftlanenews.com/old-gm-s...ol-owners.html
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