Old GM Must Comply With Tax Audits: Texas Comptroller

Law360, New York (January 22, 2010, 4:21 PM EST) -- The Texas comptroller's office has challenged a motion by Motors Liquidation Corp. — the liquidated remains of former General Motors Corp. — to mandate mediation to settle certain claims, saying the proposal doesn't provide a legal means to resolve the comptroller's $62 million tax audit claim against the debtor.

The comptroller's response, lodged Thursday in the U.S. Bankruptcy Court for the Southern District of New York, calls for either a modification of the plan to correct the oversight or a separate carveout specific to tax audit...
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