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

Published: 12/08/2017
General Motors blasts $1 billion deal between ignition switch plaintiffs, creditor trust
Source: 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 “old GM,” which holds many liabilities predating the automaker#39;s 2009 bankruptcy.

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