Find a Car
Go!

GM Bankruptcy Opponents Get No Love In Court

Follow Richard

Judge Robert Gerber

Judge Robert Gerber

Enlarge Photo

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]

 
Follow Us

Commenting is closed for this article
 
© 2015 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Read Our Cookie Policy.