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Bloomberg: “GM’s Sale Opposed by 10 States, Union Retirees and Chrysler”

Groups representing individual GM bondholders and tort claimants with product liability claims also filed objections yesterday. The individual bondholder group, represented by attorneys at Patton Boggs LLP, said it represents investors holding more than $400 million in GM debt. The group said in its objection that GM and the Treasury are improperly using a rushed sale rather than a proper Chapter 11 plan to restructure the automaker.

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1,146 comments

By admin – June 22, 2009

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