Recent Posts

SAAB Sues General Motors For $3 Billion, Says Interference Resulted In Chapter 11 Bankruptcy
Posted on 7 Aug 2012 by James Cordrey

DETRIOT - (Mealey's) SAAB Automobiles AB and its Dutch owner, Spyker NV, on Aug. 6 sued General Motors Co. in the U.S. District Court for the Eastern District of Michigan, seeking $3 billion in damages for allegations that GM took actions that "had... Read More

General Motors' Asbestos Liability Set At $625 Million
Posted on 14 Feb 2011 by Emerson Heffner

NEW YORK -- A New York federal bankruptcy judge approved an agreement on Feb. 14 in General Motors Corp.'s Chapter 11 bankruptcy case that fixes the debtors' aggregate liability for asbestos personal injury claims at $625 million ( In re: Motors... Read More

GM, EPA Reach $23.79 Million Agreement On Superfund Cleanup Costs
Posted on 31 Jan 2012 by James Cordrey

NEW YORK - (Mealey's) The liquidation company for bankrupt General Motors Corp. on Jan. 30 reached a $23.79 million settlement with the U.S. Environmental Protection Agency to resolve environmental liabilities related to Superfund sites in three states... Read More