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On Thursday, Senator Clair McCaskill asked why General Motors top lawyer is still employed by the company, according to The Wall Street Journal. This question shows that lawmakers investigating the company are going to dig deeper for changes to the…>read moreNo Comment July 18, 2014
A criminal fraud case is being developed by federal prosecutors to determine if General Motors issued misleading statements about a deadly ignition switch flaw, according to Reuters. The prosecutors are also examining activity by the company that dates back one…>read moreNo Comment July 14, 2014
The General Motors Co has reported that it will be recalling another 2.42 million vehicles in the United States, which raises the number of vehicles it has recalled so far this year to more than 15 million. The latest actions…>read moreNo Comment May 21, 2014
General Motor shares are up Thursday, even after an 85 percent decline in profits after GM lost $1.3 billion in recall related repairs. Opening trade on Thursday showed GM shares were up 3.3 percent at $35.52. General Motors says its ever…>read moreNo Comment April 24, 2014
General Motors Co.’s GM has asked for federal judges in California and in Texas to delay litigation over faulty ignition switches that may compromise public safety. Plaintiffs told a judge in California, according to Bloomberg News that the automaker’s claim…>read moreNo Comment April 21, 2014
The CEO of General Motors, Dan Akerson, said on Wednesday that he hopes the company reacquires investment-grade credit status in 2013, according to The Associated Press. Akerson spoke with reporters, saying that General Motors is still working with credit rating…>read moreNo Comment January 9, 2013
In a matter, Motors Liquidation Company GUC Trust v The Liverpool Limited Partnership et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-09802, the automaker, General Motors could soon be hit with a fine close to $1 billion.…>read moreNo Comment January 4, 2013
Joel Ewanick has handed in his resignation to General Motors just two years after he was hired to shake things up regarding the company’s marketing operations. In a statement released by the company on Sunday night, Ewanick “has elected to…>read moreNo Comment July 30, 2012
GM is now facing a potential class action lawsuit for alleged preferential treatment for police cars. Donna Trusky of Pennsylvania is facing lot of problems with the tires of her Impala due to defective spindle rods. Her car tires lasted…>read moreNo Comment July 13, 2011
Cadwalader Wickersham & Taft’s advisory work on the General Motors bankruptcy reorganization was among several transactions the firm earned top honors for at the Global M&A Network Turnaround Atlas Awards in Chicago. In addition to the GM restructuring, which was named the…>read moreNo Comment June 22, 2010
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