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Judge Rips Old GM, But Won’t Enforce $1B Ignition Settlement

Law360, New York (January 18, 2018, 9:11 PM EST) -- A New York bankruptcy judge refused on Thursday to enforce a deal worth perhaps $1 billion between a General Motors Corp. bankruptcy trust and hundreds of people hurt because of defective ignition switches in millions of its vehicles, but not without harsh words for the trust.

The crash victims and others creditors of “Old GM,” the automaker that went bankrupt in the financial crisis and passed on the GM brand to today’s General Motors Co., negotiated for months to reach a $15 million deal with the...
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