How The Biggest Industrial Bankruptcy Will Give Back

Law360, New York (November 1, 2010, 11:36 AM EDT) -- “In an agreement that could pump new economic life into depressed communities from the Midwest to the East Coast, [Motors Liquidation Co.] will create a $773-million trust fund to clean up pollution at old factory sites and prepare them for new uses and investment.”

That was the opening sentence in a Los Angeles Times story describing the Obama administration’s recent announcement of an agreement with Motors Liquidation Co. (”old General Motors”), which I oversee as CEO.

The plan, conceived by MLC — and negotiated, massaged and...
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