GM Sues Cadence In Bid For Access To Equipment

Law360, New York (December 29, 2008, 12:00 AM EST) -- Beleaguered automaker General Motors Corp. has filed a lawsuit against bankrupt supplier Cadence Innovation LLC asking a bankruptcy court to order Cadence to immediately hand over car component tooling and equipment.

In an adversary case filed last week in the U.S. Bankruptcy Court for the District of Delaware, General Motors alleged that Cadence is “holding hostage” equipment necessary to make certain parts for GM vehicles.

GM claimed that Cadence had agreed to hand over the equipment as part of a court-approved accommodation agreement made when the...
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