Legal News

Automakers Retain Counsel to Mull Bankruptcy Options [Update]
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Harvey Miller, the King of BankruptciesGeneral Motors has hired Harvey Miller of the New York law firm Weil Gotshal & Manges to help the beleaguered auto giant consider its bankruptcy options, should the US Senate be unable to pass an industry bailout package. Miller created and developed the firm’s Business Finance & Restructuring department.

Others involved in the matter include restructuring veterans Jay Alix of Jay Alix & Associates, the nation’s largest turnaround & crisis management firm; William Repko of boutique investment bank Evercore Partners; and Arthur Newman of financial advisory firm the Blackstone Group.

Meanwhile, Chrysler has retained Cleveland law firm Jones Day as its bankruptcy counsel. Jones Day handled the reorganization of car & truck parts supplier Dana Holding, and represented the official committee of retired employees for Tower Automotive’s bankruptcy. It also advised International Automotive Components in the acquisition of some businesses from bankrupt auto interiors supplier Collins & Aikman.



From WSJ Law Blog:

GM CEO Rick Wagoner has reportedly been reluctant to publicly embrace bankruptcy, fearing that it would scare off potential buyers. In addition, the cost of financing a Chapter 11 filing would be enormously expensive and difficult given tight credit markets.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

Dewey LeBoeuf’s Martin Bienenstock, who worked on the Enron bankruptcy, has also been tapped to advise GM.



Civil Litigation Case Manager

USA-CA-Los Angeles

Tenants Law Firm seeks to add a Case Manager to its Litigation team, which works on various housing ...

Apply now

Civil Litigation Paralegal

USA-CA-Los Angeles

Position Description: Tenants Law Firm seeks a paralegal to work with its Litigation team, which ...

Apply now

100% Remote Civil Litigation Attorney (Flexible Schedules)

USA-CA-Los Angeles

Tenants Law Firm is looking to hire experienced Civil Litigation ATTORNEYS to work 100% re...

Apply now



Galloway\'s Dallas Office is seeking a Paralegal. Tasks include but not limited to conducting p...

Apply now




Search Now

Venture Capital Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks corporate business attorney with...

Apply Now

Real Estate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks transactional real estate attorn...

Apply Now

Experienced Health Care Attorney


Portland office of a BCG Attorney Search Top Ranked Law Firm is seeking health care attorney with 5-...

Apply Now


To Top