New Bill Would Punish Corporate Execs With Jail Time For Lying About Deadly Products

New Bill Would Punish Corporate Execs With Jail Time For Lying About Deadly Products

Even though General Motors has acknowledged that more than 100 people died because the carmaker failed to fix defective ignition switches, the recent $900 million settlement with federal prosecutors means that not a single person at GM will see a day behind bars. A newly introduced piece of legislation hopes to hold corporate officers accountable when they conceal information about potentially deadly products. [More]

Senators Introducing Bill Making It A Crime For Companies (Like GM) To Cover Up Dangerous Defects

Senators Introducing Bill Making It A Crime For Companies (Like GM) To Cover Up Dangerous Defects

GM has spent the year in trouble: their massive recall has come with a slew of investigations, fines, congressional hearings, and lawsuits. But the company has been able to claim incompetence and avoid other potential penalties. Now, two U.S. senators are introducing a bill that will make it much more difficult for the top brass at companies that don’t report lethal errors to plead stupid in the future. [More]