Judge Knocks Attys’ Forecast For $3B GM Claims Hearing

Law360, New York (October 28, 2011, 6:52 PM EDT) -- A New York bankruptcy judge declined Friday to set a hearing date for a dispute over nearly $2.7 billion in claims by hedge funds and others in the bankruptcy of the former General Motors Corp., saying attorneys for both sides were "smoking dope" if they thought the hearing would only last four days.

The long-running feud — mostly between the official committee of unsecured creditors and a group of hedge funds that holds notes in an old GM subsidiary — has been mired in months of...
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