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GM accuses bankruptcy trust of secret $1 billion stock plot

Autonews.com 8 sources

General Motors accused the trust set up to handle its bankruptcy claims of secretly plotting with plaintiffs' attorneys to make it pay $1 billion in stock as part of a $15 million class-action settlement.

GM accuses bankruptcy trust of secret $1B stock plot

GM is balking at accord in federal court

Lawyers Seek Another $1 Billion From GM Over Ignition-Switch Defect

Lawyers are alleging that General Motors is on the hook for an additional $1 billion to address claims stemming from faulty ignition switches, a move the car maker has called “ridiculous.”

GM blasts $1 bln deal between ignition switch plaintiffs, creditor trust

Reuters / Finance

(Reuters) - Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a lawyer for the plaintiffs said…

GM blasts the $1 billion settlement reached by ignition-switch plaintiffs, creditor trust

Stltoday.com / News

Carmaker calls the deal the result of 'collusion' between plaintiffs and trust.

Billion-dollar deal reached in ignition case, and GM is furious

Autoblog

Filed under:; Government/Legal,GM,Safety; The ghosts of its 2009 bankruptcy are haunting the new GM.

General Motors blasts $1 billion deal between ignition switch plaintiffs, creditor trust

www.moneycontrol.com

GM lawyer Richard Godfrey strongly criticized the agreement, telling U.S. District Judge Jesse Furman in Manhattan the Detroit-based company was given no say in the deal negotiated between the plaintiffs and a trust set up for creditors of…

GM blasts US$1 billion deal between ignition switch plaintiffs, creditor trust

Plaintiffs suing General Motors Co over faulty ignition switches and other alleged vehicle defects have reached a US$1 billion settlement requiring the automaker to turn over that amount of stock, a lawyer for the plaintiffs said in a…

GM blasts $1 billion deal between ignition switch plaintiffs, creditor trust

www.todayonline.com

20 hours 25 min ago; Plaintiffs suing General Motors Co over faulty ignition switches

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NEW YORK (Reuters) - In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought…

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GM accuses bankruptcy trust of secret $1 billion stock plot

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General Motors accused the trust set up to handle its bankruptcy claims of secretly plotting with plaintiffs' attorneys to make it pay $1 billion in stock as part of a $15 million class-action settlement.

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