U.S. bankruptcy judge urges settlement on GM ignition defects

vendredi 2 mai 2014

Lawyers for General Motors Richard Godfrey and Arthur Steinberg arrive at the U.S. District Bankruptcy Court in lower Manhattan section of New York A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch. Judge Robert Gerber, of the U.S. Bankruptcy Court in Manhattan, said he would welcome the prospect of a resolution that avoided a "monstrous battle." "Frankly, it would be great if whatever money is available for injured people could go to them, and not to litigation costs and attorneys' fees," Gerber said at a court conference with GM and the plaintiffs. Gerber is the same judge who in 2009 oversaw GM's whirlwind Chapter 11 bankruptcy case.








via Business News - Yahoo Finance http://ift.tt/1i6KJ67

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