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GM Trust, Lenders Told To Resolve $1.5B Loan Row Quickly

Law360, New York (August 9, 2018, 7:23 PM EDT) -- A New York bankruptcy judge Thursday urged General Motors Co.'s bankruptcy trust and JPMorgan Chase Bank NA to pick up the pace following a bellwether ruling in 2017 intended to resolve a dispute over the nature and value of security interests in GM plants related to a $1.5 billion term loan.

When he handed down a 205-page opinion in September, U.S. Bankruptcy Judge Martin Glenn aimed to put a GM Chapter 11 creditors’ trust and hundreds of lenders led by JPMorgan on firm ground to resolve the...
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