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GM Creditors Defend Pact With US Over Litigation Proceeds

By Jonathan Randles (August 8, 2016, 5:51 PM EDT) -- The committee representing creditors of General Motors' pre-bankruptcy iteration are defending a recent settlement with the U.S. government over how proceeds of a $1.5 billion bank lawsuit will be divvied up, saying Friday in New York the settlement is needed to secure funding to continue prosecuting the action....

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