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New GM Questions Scope Of Ch. 11 Defect Deal

Law360 (June 13, 2018, 7:48 PM EDT) -- 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.

The car manufacturer, often referred to as “New GM” since its predecessor’s 2009 bankruptcy, said in a court filing Tuesday that the judge presiding over the “Old GM” Chapter 11 case should not perfunctorily approve a pending settlement for...
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Case Information

Case Title

Motors Liquidation Company


Case Number

1:09-bk-50026

Court

New York Southern

Nature of Suit

Date Filed

May 31, 2009


Case Title

Motors Liquidation Company


Case Number

1:09-bk-50026

Court

New York Southern

Nature of Suit

Date Filed

June 1, 2009


Case Title

In re: General Motors LLC Ignition Switch Litigation


Case Number

1:14-md-02543

Court

New York Southern

Nature of Suit

Other Fraud

Judge

Jesse M. Furman

Date Filed

June 12, 2014

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