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Old GM Ch. 11 Plan To Go Before Judge In March

Law360 (December 7, 2010, 6:20 PM EST) -- A judge has agreed to disclosure statement changes for the still-bankrupt remains of General Motors Corp. that address concerns raised by asbestos claimants, clearing the way for a hearing on the confirmation of a liquidation plan in March.

Judge Robert E. Gerber told parties in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday that he would officially sign off on the disclosure statement provided language is added specifying that the government will not exert control over $2 million loaned to GM...
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