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10 Jul 2009, 11:37 am
Shares in the old General Motors -- now known as the Motors Liquidation Company -- traded up nearly 40 percent on Friday, despite repeated warnings that they will almost certainly be worth nothing. [read post]
10 Jul 2009, 11:26 am
Almost a month after Chrysler completed its metamorphosis, General Motors is poised to do the same as it sheds its Chapter 11 training wheels for life as a new, debt-free auto manufacturer. [read post]
10 Jul 2009, 6:47 am
Times, The Wall Street Journal, and others General Motors has moved through bankruptcy faster than anticipated and is ready to emerge as the new GM company owned by the U.S., unions, and Canadian government. [read post]
10 Jul 2009, 5:54 am
Follow up to previous postings on GM bankruptcy, this release: The New General Motors Company Launches Today - "...The new... [read post]
9 Jul 2009, 11:38 am
General Motors plans to close on the sale of its best assets to a new, government-backed carmaker Friday morning, after objectors failed to block the proposal in court. [read post]
8 Jul 2009, 6:40 pm
On Monday, July 6, 2009, just over one month after filing for chapter 11 bankruptcy protection, Judge Gerber approved a sale of substantially all of General Motors' valuable assets to a new company known as "New GM. [read post]
7 Jul 2009, 3:57 pm
Just about everyone agrees that something fundamentally new happened in the General Motors and Chrysler bankruptcy cases. [read post]
7 Jul 2009, 12:40 am
http://editorial.incisivemedia.com/c/19sIhKqaA5XJGTALV
Bondholders Give Up GM Fight, Citing Lack of Resources
The American Lawyer
Patton Boggs' Michael Richman tells The Am Law Daily that the group of bondholders who oppose the plan to sell General Motors out of bankruptcy will not appeal a judge's ruling Sunday approving that sale. [read post]
6 Jul 2009, 8:23 am
Late last night, US Bankruptcy Judge Robert Gerber issued his ruling allowing for the sale of General Motors to move forward - but left the current victims of defective GM vehicles without any real legal recourse. [read post]
6 Jul 2009, 1:43 am
[JURIST] A federal bankruptcy judge on Sunday approved [opinion, PDF] the sale of assets held by General Motors (GM) [corporate website] to a new, government-backed company. [read post]
6 Jul 2009, 12:06 am
So reports The New York Times:A federal judge approved a plan by General Motors late on Sunday to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.I suppose being GM does get a judge to work on a holiday weekend (some holiday) and work he did:In his 95-page opinion, Judge Gerber wrote that he agreed with G.M.'s main contention: that the asset sale was needed to… [read post]
5 Jul 2009, 5:39 pm
The Bankruptcy Court for the Southern District of New York has made available recordings of hearings in the Chrysler and General Motors chapter 11 bankruptcies! [read post]
5 Jul 2009, 4:38 pm
General Motors studied photos of the accident scene and were able to identify the vehicle. [read post]
4 Jul 2009, 9:38 pm
We explained that General Motors â [read post]
3 Jul 2009, 6:48 pm
A committee that represents GM car crash victims says that over 300 people have personal injury claims valued at over $1.25 billion against General Motors. [read post]
2 Jul 2009, 9:58 am
Lots of my friends' parents worked for General Motors, which offered high pay, amazing benefits, predictable hours, and long vacations. [read post]
2 Jul 2009, 7:16 am
At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. [read post]
2 Jul 2009, 7:07 am
General Motors Corporation has agreed to assume responsibility for all future liability claims filed after the automaker emerges from bankruptcy, regardless of when the vehicle was made. [read post]
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, 4:03 pm
After several days of high-volume trading of General Motors shares, the automaker warned traders that its stock would have no value when the automaker emerges from bankruptcy. [read post]
