COMPENSATION FUND BENEFITS FOR GM
"It's good public relations for a company that does it, and it can also be good for the bottom line if it reduces lawsuits. Lawsuits take a long time, they take a lot of resources, and they produce a lot of uncertainty for a company. A compensation fund has the advantage of being certain and over relatively quick."
—Kyle D. Logue, Wade H. and Dores M. McCree Collegiate Professor of Law, in an Automotive News article on General Motors' recent hiring of Kenneth Feinberg and speculation that the company plans to establish a compensation fund for victims of its automotive-defect case.