Judge tosses out billion GM settlement deal
19 January 2018, 08:00
The trust set up to handle GM's bankruptcy claims acted in bad faith in reaching a $15 million class-action settlement that would have forced the company to contribute as much as $1 billion in new stock, a judge ruled in throwing out the accord.
Source: http://www.autonews.com/article/20180118/OEM/180119670/gm-bankruptcy-litigation-ignition-switch
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The trust set up to handle GM's bankruptcy claims acted in bad faith in reaching a $15 million class-action settlement that would have forced the company to contribute as much as $1 billion in new stock, a judge ruled in throwing out the accord.
Source: http://www.autonews.com/article/20180118/OEM/180119670/gm-bankruptcy-litigation-ignition-switch
Back to news list