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Tuesday, 29 July 2014

US: New GM seeks immunity from Old GM claims

Bloomberg reports that GM is going to ask U.S. Bankruptcy Judge Robert Gerber to dismiss accident and economic-loss claims arising from flaws unrelated to ignition switches in cars sold by old GM (the pre-bankruptcy company). The car maker, which is fighting more than 120 claims, has already asked the judge to affirm 2009 rulings that would free it from responsibility for reduced vehicle values.

The company, unsurprisingly, does not want to start work on settling other claims until it knows whether the claims it seeks to dismiss can be made to go away or not.

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