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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.
Comments (5)
  • Government Motors
    7 Aug 2012, 04:44 AM Reply Like
  • And Obama thinks he is a trader. What a joke the fraud is.
    7 Aug 2012, 08:02 AM Reply Like
  • Normal creditors were raped by the unions and B0
    7 Aug 2012, 08:20 AM Reply Like
  • Yeah, and now they'll be trashed as "the bad guys".
    7 Aug 2012, 10:18 AM Reply Like
  • what do you expect no business wants competition especially for China
    7 Aug 2012, 11:23 AM Reply Like
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