Posts Tagged ‘GM gets eyeballed’

General Motors Gets Independent Monitor

Deal for deferred prosecution calls for outside safety supervisor.

by on Oct.30, 2015

As part of its deferred prosecution agreement, GM is getting an independent monitor.

General Motors is getting one more safeguard as part of its revamp of its safety efforts: an independent monitor.

The automaker agreed to the appointment of federal monitor to oversee the company’s compliance with the terms of the “Deferred Prosecution” deal that it signed last month with U.S. Attorney’s office in the Southern District of New York in a bid to resolve legal issues stemming from the ignition-switch scandal that has now cost the company billions.

In the Know!

Greg Glidden, GM executive vice president and general counsel, said the independent monitor, Bart Schwartz, will oversee GM’s compliance with the terms of the agreement announced Sept. 17.  (more…)