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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 their cases. General Motors, besides the lawsuits from victims and families victims seeking compensation in relation to the mishandling of the now famous ignition switch defect, also has to face numerous ...
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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 ...
Report – Famous design house Bertone close to bankruptcy
The coachbuilder has struggled to garner any orders and is operating at a loss despite having a presence at recent European auto shows with custom concepts, such as the Bertone ...
Porsche Tuners SpeedART and 9ff Filed for Bankruptcy
Porsche tuners SpeedART and 9ff have recently filed for insolvency protection in Germany. As the auto market in Europe continues to struggle with the economic crisis and continuous decline, more and ...
Wiesmann goes into bankruptcy
In a sad turn of events, German sports car manufacturer Wiesmann has reportedly filed for bankruptcy, without revealing the motives. The process was made to a German district court in Münster ...
Congress Refuses to Offer Detroit Financial Bailout
Congress said it does not consider offering Detroit a federal bailout, after the city filed for Chapter 9 bankruptcy protection. Michigan Senator Carl Levin said that Detroit should first look for ...
Detroit’s Emergency Manager Says City Should Not Rely Only on Government Help
Detroit emergency manager said that the city must help itself and not wait for the government to come to its rescue. Kevyn Orr, who is charged with guiding the collapsed Detroit ...
Detroit Wants Initial Hearing in Bankruptcy Case on July 23rd
Detroit, which filed for bankruptcy on July 18th, wants to have its initial hearing on July 23rd. According to the Chapter 9 of the U.S. Bankruptcy Code the majority of lawsuits ...

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