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


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.
From other sites
Comments (5)
  • winningtrader
    , contributor
    Comments (2459) | Send Message
     
    Government Motors
    7 Aug 2012, 04:44 AM Reply Like
  • FWS
    , contributor
    Comments (136) | Send Message
     
    And Obama thinks he is a trader. What a joke the fraud is.
    7 Aug 2012, 08:02 AM Reply Like
  • FleetUSA3226
    , contributor
    Comments (874) | Send Message
     
    Normal creditors were raped by the unions and B0
    7 Aug 2012, 08:20 AM Reply Like
  • spald_fr
    , contributor
    Comments (2814) | Send Message
     
    Yeah, and now they'll be trashed as "the bad guys".
    7 Aug 2012, 10:18 AM Reply Like
  • The Count of Cristo
    , contributor
    Comments (296) | Send Message
     
    what do you expect no business wants competition especially for China
    7 Aug 2012, 11:23 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs