GM Not Liable For Pre-Bankruptcy Settlement
U.S. District Judge Jesse M. Furman said General Motors, known as New GM, does not have to honor an estimated $61 million settlement Old GM reached over defective transmissions in some 2002 to 2005 Saturn cars made by the automaker. The judge’s decision upholds a ruling from U.S. Bankruptcy Judge Robert E. Gerber.
The case stems from a...
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