We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

GM Settles On $37.5M To End ERISA Suit

Law360 (January 16, 2008, 12:00 AM EST) -- Details on a settlement deal made by General Motors Corp. emerged in court documents filed Tuesday, with GM agreeing to pay $37.5 million to put to rest allegations that it had improperly invested the pension funds of its employees and retirees in its own stock.

Reports of a settlement have been swirling around the automaker for the past week, with the Detroit News initially reporting that General Motors had agreed to pay some $39 million to settle the suit's claims, citing unnamed sources familiar with the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.