Objections Filed Against Old GM Plan

Law360, New York (October 15, 2010, 4:08 PM EDT) -- The former General Motors Corp.’s disclosure statement and liquidation plan are facing new opposition in the form of three objections filed by a group of noteholders seeking clarification of their claim, asbestos claimants who say they are not included in the plan and the U.S. trustee overseeing the company’s bankruptcy.

The objections, filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York, all say the entity now known as Motors Liquidation Co.'s disclosure statement and liquidation plan, filed in late August, fail...
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