GM Trust Backs out of Ignition Switch Settlement (Audio)

(Bloomberg) -- Erik Gordon, a professor at University of Michigan's Ross School of Business, discusses how GM thwarted a $15 million settlement between the company's bankruptcy trust and thousands of plaintiffs, which was intended to resolve hundres of personal injury cases stemming from the company's faulty initiation switches. He speaks with June Grasso and Greg Stohr on Bloomberg Radio's "Bloomberg Law." See omnystudio.com/listener for privacy information.