High Court Drops Bankrupt Daewoo America's Case

Law360, New York (April 16, 2007, 12:00 AM EDT) -- The Supreme Court struck down bankrupt Daewoo Motor America’s plea to continue its case against General Motors Corp. and Suzuki Motor Corp.’s acquisition of Korean auto maker Daewoo on Monday, the last move in a suit that has lasted more than four years.

“The Supreme Court denied Daewoo Motor America’s petition, which means that there is no further appellate remedy for the company,” said Richard Godfrey of Kirkland & Ellis LLP, counsel for General Motors.

The case stretches back to the financial crisis that hit Asia...
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