federal court in New York has dismissed as moot an appeal filed by plaintiffs with products liability claims pending against General Motors Corp. (GM) before it was sold in bankruptcy. In re: Motors Liquidation Co., No. 09 Civ. 6818 (U.S. Dist. Ct., S.D.N.Y., decided April 13, 2010). The plaintiffs sought to overturn a bankruptcy court’s approval of the automaker’s sale “free and clear” of their existing products liability claims as well as any successor liability claims they may have against the “new” GM.
USA, New York, Insolvency & Restructuring, Litigation, Product Regulation & Liability, Shook Hardy & Bacon LLP, Bankruptcy, Unsecured debt, Liquidation, Good faith, Involuntary dismissal, General Motors, United States bankruptcy court, US District Court for the Southern District of New York