The GM Plan: Breaking It Up Is Hard To Do

Law360, New York (February 1, 2012, 1:18 PM EST) -- The worldwide press has been humming that General Motors has finally taken back the pole position from Toyota as the worldwide sales leader. In contrast, stories about the General Motors bankruptcy have mostly stalled since the automaker’s plan of liquidation took effect last March. Until now.

The Bankruptcy Court for the Southern District of New York has sent to the junkyard an adversary complaint filed by potential class claimants seeking partial revocation of the plan confirmation order under section 1144 of the Bankruptcy Code based on...
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