Bankruptcy Law News
6/30/2009 11:09:15 AM EST
GM seeks court approval to become "New" company
NEW YORK – (AP) General Motors Corp., hoping for a quick exit from Chapter 11, on Tuesday will ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government.
The nation's largest automaker still faces hundreds of objections from bondholders, state officials, unions and individual retirees … Full version (available to lexis.com subscribers) Create an account or login to post comments.