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June 29, 2009

G.M. Keeps Liability for Unfiled Products Claims

As the New York Times reports, General Motors will retain liability for unfiled products liability claims as part of its bankruptcy.  Previously-filed claims, however, will be part of the bankruptcy.  A hearing on G.M.'s bankruptcy plan is scheduled for tomorrow in federal bankruptcy court in New York.  

- SBS

June 29, 2009 in Current Affairs, Legislation, Reforms, & Political News, Products Liability | Permalink

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