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GM’s bankrupt predecessor helps customers get the $10 billion compensation


General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor says that the ignition switch defects were illegally hidden from the GM drivers since 2009. A trust fund from which the bankrupt company’s creditors get paid asked a judge to put aside the earlier rulings that allowed the now-profitable GM to ...
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Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan that would revive its finances and restructuring. Founded in 2000, the ...
GM and Chrysler bankruptcy supported by Canadian misinformation
According to recent findings of federal auditors, Canada’s government had very little overall information concerning the restructuring strategies of the two Detroit automakers back in 2009. With two of the largest ...
US: GM’s bankruptcy judge ready to retire
Robert Gerber, the New York bankruptcy judge that has guided General Motors through its 2009 government sponsored bankruptcy process and is now involved in the fallout of the company’s ignition ...
US: the automakers did their part in helping Detroit get out of bankruptcy
The big three US automakers have incredible historic ties with the Michigan city of Detroit, and decided not to stand by as the metropolis fought a huge crisis – its ...
US: GM says it’s not accountable for pre-2009 safety issues
General Motors posted a court filling this week in which the company claims it shouldn’t be held accountable for safety issues that arose before it exited bankruptcy back in 2009. The ...
US: bankruptcy judge says GM committed fraud if it purposely hid the switch defect
US Bankruptcy Judge Robert Gerber held a hearing in his New York court on whether plaintiffs seeking compensation over the lost value of their GM cars could go on with ...
Bankruptcy judge to review GM recall dispute today
GM is facing an ardent legal battle from customers who claim compensation over the lost value of their recalled cars, who had flaws hidden by GM during the 2009 bankruptcy ...
GM bankruptcy task force unaware of ignition problem
Two of the former members of the US federal auto task force that were implicated in the overhauling of General Motors during its troubled 2009 bankruptcy disclosed they knew nothing ...
GM wants pre-2009 recall related lawsuits dropped
Because after July 2009, when it emerged from bankruptcy, General Motors became a new company, it now aims to dismiss any lawsuit that claims liability for crashes or other misconduct ...

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