Motors Liquidation Company

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Case Number:

1:09-bk-50026

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 11, 2017
GM Trust Appeals Judge's $1.5B Loan Row Asset Valuations

A General Motors creditors' trust on Tuesday asked to appeal a bankruptcy judge's ruling in a bellwether case on the nature and value of security interests in GM plant assets related to a $1.5 billion term loan, saying that the findings overlook the federal government's role as savior to the manufacturer in 2009.
October 03, 2017
GM Fights To Be In Bankruptcy Trial Over Revoked Defect Deal

General Motors Co. argued Tuesday it should get to participate in an upcoming trial over whether a vehicle defect settlement with car purchasers and accident victims that was never signed by a GM bankruptcy trust is enforceable, as the deal could require the manufacturer to hand over $1 billion in company equity.
September 26, 2017
GM Trust, Lenders Given Guidelines To Settle $1.5B Asset Suit

A General Motors trust and hundreds of lenders were handed a rubric Tuesday in the form of a 205-page bankruptcy court opinion on how to settle a dispute over the nature and value of security interests in GM plants, related to a $1.5 billion term loan.
September 20, 2017
GM Gas Tank Defect Suit Revived By Bankruptcy Judge

A New York bankruptcy judge on Tuesday allowed a woman allegedly burned by a defectively designed gas tank to move forward with her second attempt to hold General Motors LLC liable.
September 13, 2017
GM Trust Says Ditching $15M Defect Settlement Was Best Path

A General Motors bankruptcy trust handling creditor claims on Tuesday defended its last-minute decision to back out of a $15 million settlement with car purchasers and accident victims over alleged vehicle defects, saying it made more sense to accept GM's offer to pay defense litigation costs.
September 12, 2017
GM Plaintiffs Move To Enforce Revoked $15M Bankruptcy Deal

A group of car owners and claimholders alleging damages from defects in old General Motors' vehicles asked a New York federal court Monday to enforce a $15 million settlement with a bankruptcy trust that was all but signed before the manufacturer allegedly undermined the deal.
September 01, 2017
GM Gas-Tank Defect Suit Dead For Now: Bankruptcy Judge

A New York bankruptcy judge slammed the door Friday on the possibility of punitive damages against General Motors Co. over a woman's catastrophic burn injuries from what she said was a defectively designed gas tank, saying such damages aren't allowed against New GM and directing the parties to take the entire suit back to the drawing board.
August 17, 2017
GM Accused Of Sabotaging $15M Deal With Consumers

General Motors Co. has been accused of secretly scheming to "callously" undermine a potential $15 million settlement between its bankruptcy trust and thousands of consumers, including those involved in the ongoing ignition switch multidistrict litigation, according to a letter filed in New York federal bankruptcy court Wednesday.
August 16, 2017
Judge Affirms Feds' $15M Infusion Into GM Litigation Trust

Old GM's unsecured creditors were right to accept a $15 million loan from Uncle Sam to pursue a $1.5 billion avoidance action over a prebankruptcy loan that was left unsecured thanks to a paralegal's mistake, a New York federal court said as it overruled one creditor's objection to the agreement.
July 26, 2017
GM Appeals Successor Liability Over Nonswitch Claims

General Motors is appealing a court ruling that widened the scope of its post-bankruptcy responsibility for defects in pre-bankruptcy cars, it said Tuesday, signaling that it will fight allegations of shifting and steering defects as doggedly as it pursued last year's unsuccessful appeals to snuff out liability for a well-known ignition switch defect.

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