Asbestos Claimants Blast GM Unit's Bid For Stay

Law360, New York (October 2, 2009, 4:33 PM EDT) -- An informal committee of personal injury claimants has lambasted a move by Detroit Diesel Corp., a nondebtor subsidiary of General Motors Corp., to extend the protection of the bankrupt automaker's automatic stay to cover 65 asbestos-related state court suits.

The ad hoc committee of asbestos personal injury claimants filed an objection Thursday in the U.S. Bankruptcy Court for the Southern District of New York, claiming Detroit Diesel had failed to demonstrate how litigating the suits would harm the efforts of GM, now known as Motors Liquidation...
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