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Expert Analysis

GM Case Highlights Thorny Due Process, Bankruptcy Issues

Law360, New York (March 5, 2015, 10:06 AM EST) -- Judge Robert Gerber will be stepping down at the end of this year, ending a storied judicial career highlighted by his oversight of the 2009 Chapter 11 case of General Motors Corp. ("Old GM"). In one of the most frenetic bankruptcy cases of all time, Judge Gerber signed an order (the "sale order") approving the sale of substantially all of the assets of Old GM to a new entity, General Motors LLC ("New GM"), "free and clear" of claims against Old GM (other than a narrow range of expressly assumed liabilities), and with an express injunction to prevent Old GM creditors from proceeding against New GM....

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