Judge Could Narrow GM Bankruptcy Defense in Recall Cases
Reuters reported a judge said if General Motors Company is found to have violated car owners’ constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy sale.
Reuters said further Judge Robert Gerber provided his views for the first time at a hearing in U.S. Bankruptcy Court in Manhattan on a fight between GM and plaintiffs who demand billions of dollars for the loss of car value stemming from last year’s massive recall.
To read the entire Reuters article, click here.
Previously on abfjournal: JPMorgan Appeals GM Loan Ruling, February 6, 2015