J.L. French Could Gain GM Business With Judge’s OK

Law360, New York (April 17, 2006, 12:00 AM EDT) -- General Motors will siphon more business to bankrupt auto parts maker J.L. French Automotive Castings Inc. in a purchase agreement between the companies, pending approval by a federal judge.

In court documents filed last week in the U.S. Bankruptcy Court in the District of Delaware, J.L. French stated that the proposed deal is the result of recent “vigorous, arm’s-length negotiations” with GM.

Those negotiations have been ongoing under the terms of the company’s restructuring support agreement, which requires the auto parts maker to obtain new business...
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