GM Not Liable For Pre-Bankruptcy Settlement

Law360, New York (September 30, 2013, 6:18 PM EDT) -- General Motors LLC is not liable for a settlement its pre-bankruptcy predecessor reached in a consumer class action over faulty transmissions, a New York federal judge ruled Monday.

U.S. District Judge Jesse M. Furman said General Motors, known as New GM, does not have to honor an estimated $61 million settlement Old GM reached over defective transmissions in some 2002 to 2005 Saturn cars made by the automaker. The judge’s decision upholds a ruling from U.S. Bankruptcy Judge Robert E. Gerber.

The case stems from a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In Re: Motors Liquidation Company


Case Number

1:12-cv-04948

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Jesse M. Furman

Date Filed

June 25, 2012

Law Firms

Companies

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.