Old GM liabilities News

Safety Group Seeks GM Bailout Information

The U.S. Treasury’s role in shielding General Motors Co. from car lawsuits after a 2009 bailout of the automaker isn’t confidential and should be made public, the Center for Auto Safety told a federal judge. The safety association’s president, Clarence …

Old vs. New GM at Issue in Ignition Switch Class Action

General Motors Co. told a judge that claims in a $10 billion customer class-action over ignition flaws are “misleading” and should be dismissed. The 68 named plaintiffs in the group lawsuit argue that the design defect and alleged concealment at …

‘Old GM’ Customer Loses Appeal Over Bankruptcy

A bankruptcy judge’s decision that a General Motors Co. customer failed to state a valid claim against the estate of so-called Old GM was upheld by a federal judge in Manhattan. Such rulings don’t get overturned unless the court’s findings …

GM Bankruptcy Shield from Claims May Cut Payouts by Billions

General Motors Co.’s move to freeze ignition-defect lawsuits in California and Texas has solid legal precedent behind it and could help slash customer demands for compensation by billions of dollars. GM asked federal judges in both states last week to …

‘Old GM’ Carved into 4 Trusts for Claims

The company known as “Old GM” exited Chapter 11 bankruptcy last week and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history. GM filed for bankruptcy in June 2009 …