GM (GM) says a $3B lawsuit between creditors of the old, bankrupt part of the company, now...

|By:, SA News Editor

GM (GM) says a $3B lawsuit between creditors of the old, bankrupt part of the company, now called Motors Liquidation, and various hedge funds that include Fortress Investment Group (FIG) "threaten to disturb" an important transaction over inter-company loans that helped save the company. The deal avoided a separate bankruptcy for GM Canada and therefore liquidation for the group as a whole.