The New York Times reports that GM reached a deal that preserves product liability claims on pre-bankruptcy manufactured vehicles, that arise after GM emerges from bankruptcy.  Previously filed crash victim claims and dealership complaints, according to the NYT report, are not part of the deal.  According to the NYT, products liability claims are normally left behind in bankruptcies, as they were in Chrysler.  The NYT piece says that the motivation for the agreement is the "murky" caselaw and the larger size of the GM bankruptcy.  I assume the reporter is alluding to the June 18th Travelers v. Bailey opinion involving successor liability claims in asbestos/bankruptcy cases. Although the NYT mentioned that the WSJ and the Washington Post reported on the matter, the NYT left out the WSJ  reports that key Obama...(Read Full Post)