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GM Salaried Retirees Lose Bid For Ch. 11 Committee

Law360, New York (July 08, 2009) -- Discounting claims that General Motors Corp.'s restructuring endangers the benefits of nonunion retirees, a bankruptcy judge has refused to appoint an official committee to represent more than 122,000 salaried retirees and surviving spouses.

After a hearing on the issue in June, Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York found Tuesday that the creation of...

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