Or the if he or she was going to school, we go to the bureau of labor statistics and come up with a number, annual wage number as if they were working at the age of 25. So if somebody died who was 5 or 10 or 17 or going to school, we have the formula included in this program. And whether or not they had any dependents. Thats all we need to know on track a. Thats all we need to know. Now, we can meet privately with individual Family Members if they want to talk about other things. Thats find. That is fine. Thats fine. Welcomed. But under track a if somebody will just provide us the age of the victim, how much that victim was earning at the time of the accident and whether they have any dependents, thats all we need to calculate a track a award based on National Statistics about what that person would have earned over a lifetime. The claimant doesnt have to file track a. Its up to the claimant. But if the claimant wants a quick, prompt processing of his or her claim under track a for death or catastrophic injury, they can do so. We will add to that claim, in addition to whatever Economic Loss is calculated by the bureau of labor statistics, well add 1 million in pain and suffering under track a for the victim, and in addition 300,000 for any surviving spouse or dependent. Thatll be added to the calculation. Same, thats for death claims. Examples, now, these are presumptive examples without regard to any individual claimant, but i want to give you some idea of the scope of the compensation under track a for death or catastrophic injury. A 17yearold driver, single, unemployed going to school, living at home, no dependents, 2. 2 million. Track a. 2. 2 million. Economic and noneconomic be loss. A 25yearold, married, two children, earning 46,400 a year, 4 million under track a. A 25yearold, em low employed earning 75,000 a year, married, two children, died, 5. 1 million. Examples under track a. Any individual Family Member who doesnt want to use track a but wants to come in you should track b under track b and explain in their claim form other extraordinary circumstances that should be brought to my attention, those numbers dont apply, we will look at the individual claim submitted under track b, see what other extraordinary circumstances exist in that claim just like we did in 9 11. And these numbers will not apply. Well be considering track b. Catastrophic or track a. Some two examples if you go track a for catastrophic injury, just two examples, a 10yearold individual, young person, no earnings, of course. Paraplegic. Track a, 7. 8 million. If you go track a. A 40yearold paraplegic earning 70,000 a year, haired, no children married, no children, paralegion irk paraplegic, 6. 6 million under the fund. Again, the reason i can just project these numbers is its based simply on national averaging. It is not just like 9 11, it is the bureau of labor statistics providing us the data. Any individual Family Member or victim who doesnt like this track a presumptive model and would rather have a tailored track b consideration of extraordinary circumstances, glad to do it. In 9 11 we had a series of track b extraordinary circumstance cases. Mr. Feinberg, my daughter was going to be married next week. She was our only daughter, and she died in the World Trade Center. We recognize that as track b. Mr. Feinberg, we lost both our children in the World Trade Center or on the airplanes. We recognize that as track b. Mr. Feinberg, in the General Motors matter i represent a client who ten years ago was driving when her boyfriend was killed, and for ten years shes thought she was the reckless driver. It destroyed her life. We want to go track b, of course. Of course. Track b. We will work with individual Family Members to try and develop track a or track b for death or physical injury. Catastrophic physical injury. Then there is the third category , less serious physical injury. All we want to know under this fund, under less serious physical injury, we do not want to be flooded with less serious physical injuries and medical records and doctors reports. So the protocol builds on the Virginia Tech program that we established and one fund Boston Marathon that we established. We just ask a couple of questions. One, assuming youre eligible, how long were you in the hospital . Hospitalization is a pretty good surrogate for seriousness of injury. How long . Overnight observation . 20,000. Over a month, 500,000. In between, a sliding scale. Mr. Feinberg, i didnt go to the the hospital, or i went to the emergency room, and then i went home. Now, originally we werent planning on including that as eligible. We got such pushback from so many people, plaintiff lawyers, center for auto safety, others, the protocol does permit eligibility for outpatient medical treatment, 20,000. Capped at 20,000. Now, on these less serious injuries, theres a prerequisite. All we want is the claim form filled out with a simple letter from the hospital or your doctor confirming medical treatment, hospitalization within 48 hours of the accident. Why not a week . Why not a month as some suggested . The priority here of the death and the catastrophic claims. These less serious physical injury claims we want some contemporary documentation that people received immediate treatment. So its 48 hours. Now, if you received outpatient medical treatment within 48 hours and three weeks later you went in the hospital, thats fine be as long as theres an initial hospitalization or medical treatment within 48 hours. And then the sliding scale in the protocol kicks in. A flat amount, no calculations. Those are the amounts that will be paid. I will agree, as i did with 9 11, as we did with Boston Marathon, as we did with Virginia Tech, as we did with aurora, colorado, and newtown, connecticut, i will meet privately with any Family Member or their lawyer privately who wants to chat with me about their claim, about their lost loved one, about their needs, about lifes unfairness. Whatever they would like to chat about, my door is open. I will meet with them. It is easily, without a doubt, the most difficult part of this assignment. Meeting privately with Family Members. It is very stressful. But its essential, because there are Family Members who want to be heard and want to have their voice heard, and im the fellow thats the administrator, and im willing to meet with them and chat with them about anything they want to tell me. This program is designed to help claimants. This program is not designed to punish General Motors. If people want punitive damages, if they want to use litigation to go after general hotters, then General Motors, then voluntarily they should not submit a claim to me. Because if you submit a claim to this program and your, with award a certain amount of money, you have to eventually sign a release that you will not sue General Motors. Dont sign the release if you want to seek satisfaction or you want to sue General Motors. But remember, the program is voluntary, and you dont have to decide whether or not you want to participate in this program until we offer a resolution, here is what were prepared to a, youre eligible, heres the amount, track a or track b or hospitalization or outpatient medical treatment. Only then if you are satisfied with the program will you participate and sign a release. And there will be many Family Members who will want to see me personally before they agree whether or not they want to sign that release, and i welcome those meetings. I welcome those meetings. Thats the program. Now, two final points, then questions. The 9 11 fund, 97 of all the eligible families that lost a family came into the fund. 97 . 7. 1 billion. Taxpayer money, the 9 11 fund. Bp, 92 of all eligible claimants came into the fund. These are tough statistics to match with this program. One fund boston, 100 . Virginia tech, 900 . 100 . Newtown, connecticut, 100 . These are tough statistics to hatch. To match. We will work with the lawyers, with the families the try and do this. I must say in a way its a pretty poor substitute. I say this all the time in the these programs. Money is a pretty poor substitute for loss. You could give people 20, 30, 50 million. Its a pretty poor substitute. Its the limits of what we can do, unfortunately. We cant bring people back, we cant restore limbs. Its the best we can do, and it is a pretty poor substitute. Hopefully, the program will work. The only test, how many people participated. This summary, all the words in the world dont matter at the end of the day. The only thing that hearts at the end of the day, how quickly did you get money out the door to eligible claimants. Thats the only test. So when people say to he, well, it sounds like this way or that way, ive hard from some lawyers well see, well see. It sounds maybe this can work. Well see. I agree with that, well see. But were ready to start the process. August 1 we will be ready, and im ready to take questions from you. Yes, sir. Quick question. Based on your conversations with General Motors, with attorneys, victims families, do you have any sense of how many victims General Motors keeps saying 13. Do you have a sense the its going to be over 50, close to 100 . I will not speculate about this. Ive been asked over and over again even before announcing how many death cans, how many serious injuries . What will the cost to the program i havent got any idea. It would be pure speculation at this time. Seem have to file their claims people have to file their claims. Weve got to look and see what theyre submitting. Well do it as fast as we can, but i will not speculate op numbers. And one quick followup, have you talked to any victims families as youve been putting this program together . No. Ive talked to many of the lawyers representing victims families. I have not imposed myself. I didnt think it was appropriate. Families grieve in private. Its not my place. If victims families as a result of this Conference Today want to meet with me on the phone or in person, wonderful. Im glad to do it. Can you just tell me when you ask a question who you represent . Thank you, mr. Feinberg, poppy with cnn. Weve heard this number, 13 deaths over and over again from General Motors, they have acknowledged that may rise once you go through these claims. A key question throughout all of this is we have talked to victims families. Will deaths be counted that occurred in a pack seat of a car . Yes. They will . Absolutely. Even if they didnt die as a result of an airbag deploying doesnt matter. What about side impact . Doesnt matter. Irrelevant. If the person, if its an eligible vehicle, the airbag did not deploy, driver, passenger, pedestrian, occupant of another vehicle where the airbag might have deployed, doesnt matter. Eligible. Side impact crashes . Eligible. Thank you. Yes, maam. Julia. From reuters, right . Yes, thank you. Thank you, mr. Feinberg. Some of these families have said they want to go to court to seek punitive damages against gm because they feel that will bring gm further to justice for covering this up, for lingering this problem for so long. Why should they take what youre offering rather than they shouldnt. They shouldnt. If an individual Family Member wants to seek to bring general hotters to justice General Motors to justice in their mind by seeking punitive damages, they should not come into this program. They should sue. Now, i would say this about litigating against General Motors its one thing if somebody wants to litigate to get additional monetary punishment of General Motors. Im here to compensate victims, not punish General Motors. Im here to compensate victims, innocent victims. Sometimes i hear victims tell me or their family we want to litigate because its the only way we can find out what really happened. Id be careful about that argument. There are other, more efficient available mechanisms and avenues to pursue to find out the facts about what really happened. The congress is very interested in finding out what really happened. I read in the newspaper the u. S. Attorneys and the department of justice are very interested in finding out what really happened. There are other avenues to pursue to do that. If its the money that drives the punitive damage avenue, then this program is not for you. But if compensatory damages hopefully, very generous are what you seek and youll use other avenues to find out what really happened, that, to me, is the optimum way to go. Yes, sir. Affiliation . [inaudible] usa today. Just to be clear on something, although i think i already know, is the money that you pay in addition to actual expenses the person might have incurred, or is it designed to be total . Total. Okay. Total. Were not netting out other expenses or what have you. We are calculating a damage on a blank slate and paying the total award to the claimant. Were not factoring in attorneys fees, were not factoring in other costs. Were paying the lump sum payment, all in. So whatever you might have spent already is out of your pocket or out of this settlement . Well, thats an interesting question. If what you have already spent is litigation costs or expert investigative reports, yes. If what you have spent are medical expenses, well, well see about that. Well we in the protocol look at the very last paragraph of the protocol. We will work with the claimant to make sure the claimant gets a lump sum payment, and well work with them on the medical expense problem which is implicit in your question. Note the last paragraph of the entire protocol in that regard. Thank you. Im sorry . My name is laura christian, and im the birth mother of amber marie rose. I have another family with me here today. I have personally found 165 deaths. I have this information in my hand. Would you like it . I would, indeed. Thank you. I would like not only that information, ms. Christian, i would be glad to meet with you or your Family Members privately, and i would like to know anything you have or anything you think would be helpful in this program. I would love to sit and chat with you at your convenience to learn more about what you think and how this program can be made the most effective way. Thank you. I welcome that very much so. Now, as far as the nonairbag deployment, we have evidence in a few cases it looks like, and the black box shows, it looks like the driver actually managed to get the vehicle on a second or two before impact. Thus, the airbag deployed. Would you consider those . Lets see what you have to offer. Ill be glad to consider anything you have. I havent heard about this. If you have some, you know, relatively rare example like that, at least i would like to hear a what you have to say. Absolutely. Thank you. Appreciate that. Anybody else, anybody who hasnt had a question yet . Yes, sir, up back. David . Dave shepherds, detroit news. Two questions. One, in terms of the protocol on the newer vehicles, can you explain why it only applies to vehicles that had the part replaced . Gm tells me and you should direct that question to General Motors but gm has told me its not just the ignition switch problem, its the whole context in which the recall occurred on the 2. 6 million vehicles, this inability to disclose it, the fact that gm should have disclosessed it, information in the lucas report. Gm im not an automotive engineer, but gm tells us over and over again that this is a unique problem at gm that arose. Its not simply the defect itself, its the context in which it arose and the failure of gm to respond. So they have decided, they have decided this is the limitation of the authority i have under this program. And will you make a Public Accounting of your findings on an aggregate basis, how many claims approved, denied and payouts . Absolutely. Now, it gets tricky. I will at the end of the ram, camille and i, we as we always do, we will have an audit, an executive summary; how many claims, how many were eligible, how many ineligible, aggregate dollars, etc. We have to be very, very careful here that we dont discloses at any time disclose at any time the confidential submissions of individual families. They dont want people to know that they filed or that how much money they received. We found out in all of these programs, 9 11 and other programs, that in order to maximize participation, confidentiality is critical. And that, many, many people just dont want any of that information disclosed. But we will come up with, as you say, some summary information that will be useful. Let me just say one other thing before i forget that i neglected to say, a tip of the hat to the center for auto safety. Joan claybrook and clarence diplow. Their number one issue with us was notice. How do you reach people and tell them about the program . How do you though that people around the country and elsewhere, canada, will know about this program . We are notifying by letter 2. 6 Million People who are the subject of the recall. We are notifying be by letter hundreds and hundreds of people who have already notified gm that they this think that they were involved that they think they were involved in an injury or death claim involving the ignition switch. Well send a letter to them. We also at the center for auto safetys personal usualing, we will notify urging, we will notify all former owners of these vehicles so that the former owners who no longer who sold their vehicle or traded it in or whatever, if they were subject to death can or physical injury, they can file a claim. It is going to be about as [inaudible] a Notice Program as we can come up with. And this was a big issue with ms. Claybrook. And we plan to have as expansive a Notice Program as we can on this. But remember this also this program is limited to physical injury or death. I read in the newspaper that there are all sorts of lawsuits pending involv