Court Won’t Expedite Hearing For GM Bondholders

Law360 (June 10, 2009, 12:00 AM EDT) -- A federal bankruptcy judge has refused to hold an expedited hearing on a motion by individual General Motors Corp. bondholders asking the court to appoint an official committee representing family and other noninstitutional bondholders.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York on Tuesday denied a bid by an unofficial committee of three bondholders, who hold about $2.3 million in GM bonds, to shorten the time for the court to hear its motion to appoint an official committee...
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