GM, Plaintiffs Argue Over Tellabs Impact

Law360, New York (June 29, 2007, 12:00 AM EDT) -- The two sides in the derivative securities class action against General Motors Corp. are tussling over the impact of the Supreme Court's Tellabs decision, handed down last week, and whether in its wake the court should dismiss the suit.

Attorneys for the plaintiffs, who are a class of GM shareholders suing 12 of the automotive giant's current and former directors and officers on the company's behalf, sent a letter to Judge Gerald E. Rosen Wednesday arguing against a reading of Tellabs that would dismiss the shareholders'...
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