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2 Jul 2009, 12:34 am
The article said:It became clear this spring that General Motors was going to have to get smaller to survive, but this was ridiculous. [read post]
1 Jul 2009, 7:23 pm
For 50 years spanning 3 generations, we have obtained results for satisfied clients. [read post]
1 Jul 2009, 1:54 pm
I feel strongly as both an American consumer and a personal injury lawyer that filing for bankruptcy should not give companies a free ticket to abandon those previously injured by their products. [read post]
1 Jul 2009, 8:18 am
DealBook's Michael J. de la Merced reports live from day two of the General Motors hearing to win approval of its asset sale to a new government-backed company. [read post]
30 Jun 2009, 9:29 am
(AIG), Citigroup Inc., Bank of America Corp., General Motors Corp., GMAC LLC, Chrysler and Chrysler Financial. [read post]
30 Jun 2009, 8:05 am
According to the Wall Street Journal (click here), General Motors has agreed to expand its liability for car-accident victims who suffered injuries after the auto maker filed for bankruptcy protection June 1. [read post]
29 Jun 2009, 3:05 pm
by Paul Levy General Motors' retreat from its effort to use bankruptcy proceedings to shed tort liability represents a great victory for consumers. [read post]
29 Jun 2009, 12:57 pm
With a large contribution from General Motors (GM) comprised of approximately $2 billion in cash and a $500 million loan, Delphi projects to be profitable within 12-18 months of emergency from Chapter 11 bankruptcy. [read post]
29 Jun 2009, 8:56 am
According to the New York Times (click here), General Motors and the Obama administration have reached a deal whereby GM will assume responsibility for product liability claims involving its vehicles after the auto maker emerges from bankruptcy. [read post]
29 Jun 2009, 8:39 am
As a result of the recent bankruptcy of General Motors Corp., many of the pending and future claims involving GM products stood to be wiped out, leaving the victims with no recourse against the manufacturer. [read post]
29 Jun 2009, 7:03 am
The AP reported General Motors "has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock" on the company's way to a "quick sale of its assets" and emergence from bankruptcy. [read post]
29 Jun 2009, 5:34 am
When a parent company prepares consolidated financial statements, GAAP requires the parent to eliminate certain transactions among the parent and its affiliates, including accounts receivable, to avoid counting revenue twice and to accurately portray the operating results of affiliated companies as a single economic unit. [read post]
28 Jun 2009, 12:17 pm
General Motors and the Obama administration have reached a deal for the carmaker to assume responsibility for product liability claims filed after it emerges from bankruptcy as a new company, even those claims involving vehicles made by the old company. [read post]
28 Jun 2009, 6:38 am
As the New York Times story puts it: "General Motors and the Obama administration have reached a deal for the carmaker to assume responsibility for product liability claims filed after it emerges from bankruptcy as a new company, even those claims involving vehicles made by the old company, according to documents filed in bankruptcy court late Friday. [read post]
26 Jun 2009, 11:35 am
Treasury Department is negotiating with more than a dozen state attorneys general to roll back two key features of General Motors Corp. [read post]
26 Jun 2009, 11:32 am
In fact, by 2003, profitability for the auto industry as a whole was concentrated almost entirely in the lending arms of the major manufacturers, creating an incentive cycle that required complicity between dealers and the captive lenders to provide operating capital for the manufacturing side of giants like Ford and General Motors. [read post]
26 Jun 2009, 6:00 am
These common carriers include commercial bus companies and truck drivers. [read post]
26 Jun 2009, 4:11 am
The exceptions include, among other things, injuries such as those resulting from an employee eating, drinking, or preparing food for personal consumption, those involving signs or symptoms that surface at work but result solely from a non-work-related event, and those caused by a motor vehicle accident occurring on a company parking lot while the employee is commuting to or from work. [read post]
26 Jun 2009, 3:40 am
[JURIST] A federal bankruptcy judge on Thursday approved [press release] a motion [text, PDF] to allow General Motors (GM) [corporate website] to borrow $33.3 billion in debtor in possession financing from the US and Canadian governments to finance a new company. [read post]
25 Jun 2009, 5:18 pm
Now, a new report predicts that a loophole created by the bankruptcies of General Motors and Chrysler will make it possible for the companies to avoid issuing product recalls of defective cars that were manufactured prior to the bankruptcy filings. [read post]
