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Motors Liquidation Company

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Case overview

Case Number:

1:09-bk-50026

Court:

New York Southern

Nature of Suit:

Firms

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  1. April 17, 2020

    GM Trusts Clash Over Ignition Switch Settlement

    A litigation trust formed in the wake of General Motors' bankruptcy is asking a New York bankruptcy judge to block a $120 million settlement a different GM trust has reached over defective ignition switch claims, saying the deal won't end the legal actions.

  2. August 15, 2019

    GM, Drivers In Push For Global Deal On Economic Damages

    General Motors and drivers claiming economic damages over faulty ignition switches are set to make a big push to settle in coming weeks, counsel for the sides told the Manhattan federal judge handling the massive litigation on Thursday.

  3. June 13, 2019

    Judge OKs Lenders' $231M Deal In GM Clawback Suit

    A group of lenders led by JPMorgan will pay $231 million to creditors of General Motors' predecessor to resolve claims stemming from a simple mistake made by a Mayer Brown paralegal years ago, in a deal approved Thursday by a New York bankruptcy court.

  4. February 05, 2019

    GM Trust Hashes Out New Ch. 11 Ignition Switch Deal

    The trust for General Motors' unsecured creditors has submitted a new proposal to a New York bankruptcy court for a putative class action ignition switch defect settlement that could cost New GM $1 billion in stock.

  5. October 30, 2018

    Vindicated Prisoner Urges Claim Against GM, Estate

    An exonerated prisoner who sued General Motors and its bankruptcy estate for allegedly violating his civil rights by cooperating with his wrongful prosecution asked a Manhattan federal judge Tuesday to allow his suit to go forward, saying his claim post-dated GM's bankruptcy although the allegedly wrongful conduct happened decades before.

  6. September 25, 2018

    GM Buyers Must Certify Class To Advance $1B Defect Deal

    Purchasers of General Motors vehicles manufactured before the carmaker's 2009 bankruptcy, now seeking damages stemming from ignition-switch defects, must certify a class to pursue a proposed settlement that could cost the reorganized New GM $1 billion in new stock, a New York bankruptcy judge ruled Tuesday.

  7. August 09, 2018

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

    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.

  8. June 13, 2018

    New GM Questions Scope Of Ch. 11 Defect Deal

    General Motors LLC is questioning whether a proposed bankruptcy court settlement over legacy ignition switch lawsuits could possibly cover a proposed class of 11.4 million people and cost the carmaker $1 billion in new stock even though only a few hundred individuals have filed Chapter 11 claims.

  9. May 03, 2018

    GM Trust Seeks OK For Ignition Switch Settlement

    The bankruptcy trust of Old GM Thursday asked for approval from a New York bankruptcy court for a settlement over legacy ignition switch lawsuits that could cost the reorganized New GM $1 billion in stock depending on what number the court puts to the remaining claims.

  10. April 27, 2018

    GM Faces Potential $1B Payout Tied To Defective Switches

    The bankruptcy trust of Old GM has reached a settlement over legacy ignition switch lawsuits that could cost the reorganized New GM $1 billion if it's approved by the New York bankruptcy court overseeing the case.

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