/ General Motors, Industry, News / GM recall: bankruptcy judge advises on settlement

GM recall: bankruptcy judge advises on settlement

Linked In Share
GM recall: bankruptcy judge advises on settlement

As the scandal surrounding GM’s recall of 2.6 million cars equipped with defective ignition switches, with the automaker asking now a US Judge to enforce a so-called bankruptcy shield.

Back in 2009, Judge Robert Gerber of the US Bankruptcy Court in Manhattan oversaw General Motors exit from bankruptcy as a new company, with, among others, the resolution that it would get protected from litigation concerning actions of the “former” GM.

Now, the automaker is asking the same Judge to enforce the so-called shield, as it faces mountains of litigations from plaintiffs seeking compensation for the lost value of their cars due to the recall. In his first talks with both parties, Gerber said he wants the proceeds to move quickly – waiting for them to fill the briefs this week.

“Frankly, it would be great if whatever money is available for injured people could go to them, and not to litigation costs and attorneys’ fees,” Gerber said at a court conference. He added that he welcomed a resolution that would avoid a “monstrous battle.”

According to the obligations assumed by the “new” GM, accidents and injuries – including those which occurred after the bankruptcy played out but involved models made before the bankruptcy.

According to the plaintiffs, GM should not be shielded against the claims as the company purposely withheld the information about the defective cars from the bankruptcy court.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, May 5th, 2014 - filed under General Motors, Industry, News. Image credit: .
Linked In Share
Related Articles
bankruptcy judge recall settlement us


Discuss: GM recall: bankruptcy judge advises on settlement

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Cadillac ATS Coupe configurator introduced
2015 Cadillac ATS Coupe configurator introducedCadillac has introduced the online configurator for the 2015 ATS Coupe, in the United States, where the model in question is now ...
Volvo XC90 R-Design officially unveiled
Volvo XC90 R-Design officially unveiledVolvo has pulled the wraps off the sportier R-Design version of the new-gen XC90, as the model in question will become available ...
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach Europe
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach EuropeThe rumored Dacia Sandero RS has been recently confirmed by the car manufacturer but the model in question will be sold as a ...
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt Flats
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt FlatsMercedes-Benz has released a new video with the recently unveiled AMG GT, where the sports car is being shown in action on the ...
[VIDEO] Lamborghini Huracan revving
[VIDEO] Lamborghini Huracan revvingA new video with the recently unveiled Lamborghini Huracan is showing the newest supercar in the company’s lineup while revving ...
Fiat 500X leaked once more
Fiat 500X leaked once moreThe Fiat 500X has leaked once again ahead of its public debut which will take place next month, during the 2014 Paris Motor ...
Ferrari LaFerrari for sale
Ferrari LaFerrari for saleA brand new Ferrari LaFerrari is currently being offered for sale in Dubai for a whopping 3.4 million USD. If you have missed ...
BMW 518d and 520d get updated
BMW 518d and 520d get updatedBMW has announced a series of updates for the 518d and for the 520 on its local auto market. The BMW 518d and the 520d have been ...
GM recall problems are far from over
GM recall problems are far from overRecently, with the number of recalls coming from the No.1 US automaker, insiders hinted the company is ready to put the safety ...
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the Ring
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the RingThe brand new Mercedes-Benz CLA Shooting Brake has been recently taken on to the famous German track the Nurburgring, where it ...
US: automakers supporting autonomous and connected advancements at the University of Michigan
US: automakers supporting autonomous and connected advancements at the University of MichiganMost of the global automakers have embarked into a form of research or development towards the next generation of vehicles: ...
Dodge Challenger SRT Hellcat is returning 22 mpg
Dodge Challenger SRT Hellcat is returning 22 mpgThe recently unveiled Dodge Challenger SRT Hellcat is capable of delivering 22 mpg, as the car manufacturer has recently ...
Opel Adam S unveiled for Paris
Opel Adam S unveiled for ParisThe brand new Opel Adam S has been officially unveiled as the model in question will be making its public debut next month, ...
UK: Apple’s new Watch seen as driving threat
UK: Apple’s new Watch seen as driving threatMany technology observers expect the new Apple Watch to truly kickstart the wearable technology market much in the way the first ...
Ferrari 458 Speciale Spider might debut in Paris
Ferrari 458 Speciale Spider might debut in ParisThe Italian based automaker Ferrari might introduce the 458 Speciale Spider during the 2014th edition of the Paris Motor Show, ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Volvo XC90 R-Design 1
fiat 500x leaked 1
Black Ferrari LaFerrari for sale 1
bmw 5-series 1
Opel Adam S 1
Citroen C4 Cactus AIRFLOW 2L Concept 1
dacia dokker lodgy stepway 1
Mercedes-Benz V250 BlueTEC 4Matic 1
2015 Volkswagen Polo GTI 2
2015 honda civic coupe
lamborghini huracan crash hungary 1
mercedes-amg-gt-roadster-1

More automotive from inautonews
Cadillac has introduced the online configurator for the 2015 ATS Coupe, in the United States, where the model in question is now available for order from 38,990 USD. The North American based automaker Cadillac has recently introduced the ATS Coupe online configurator. The model in question is a ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety GM and Toyota recalls could be surpassed by Takata’s airbag issuesAt least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended ... GM’s victims fund death claims tally at 131The General Motors victims compensation fund overseen by outside attorney Ken Feinberg has seen ...
Safety Section