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GM Bankruptcy Opponents Get No Love In Court

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Judge Robert Gerber

Judge Robert Gerber

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On Monday, we told you that Judge Robert Gerber had given General Motors the OK to sell off its bad assets and lump the good ones into a new company. When he announced that decision on Sunday evening, Gerber instituted a four-day stay on the ruling to give plaintiffs time to file appeals. So far, two groups of litigants have done so--one of which wanted to leapfrog Gerber and go straight to the U.S. Court of Appeals. Both got the smackdown. In other words: tomorrow's looking like a great day for the General. [Freep]

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