GM Escapes Suit Over $450M In Retiree Medical Benefits

By Kurt Orzeck (December 10, 2013, 8:11 PM EST) -- A Michigan federal judge on Tuesday tossed a breach of contract suit accusing General Motors LLC of skirting $450 million in owed retiree medical benefits, ruling that the company wasn't obligated to pay the benefits after it went through bankruptcy restructuring....

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