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Because these ignition switch claimants had been denied due process and suffered prejudice, the Second Circuit reversed the Bankruptcy Court’s decision “insofar as it enforced the Sale Order to enjoin claims relating to the ignition switch defect,” stating that “these plaintiffs cannot be ‘bound by the terms of the [Sale Order].’” The Second Circuit’s opinion raises important issues concerning the finality of sales “free and clear of any interest” under section 363 of the Bankruptcy Code.
On September 16, 2009, the Bar Date Order was entered establishing November 30, 2009 at p.m. auto companies are before Congress to request a bailout package. Return to FAQs Your vehicle may have piston or piston pin noise if you or your service technician hears or has heard a knock, ping, slap, tapping or ticking sound in your engine. Return to FAQs The deadline to exclude yourself from the certified Class expired on August 15, 2007.
On December 2, 2009, the REALM/ENCORE Bar Date Order was entered establishing February 1, 2010 at p.m.
(Eastern Time) as the deadline to file proofs of claim (including claims under section 503(b)(9) of the Bankruptcy Code) against the REALM/ENCORE Debtors.
Class Counsel has negotiated the resolution of the outstanding Piston-Slap class claims with the bankruptcy counsel for GM, and the bankruptcy court has approved the settlement between the remaining Piston-Slap class claims and the GM liquidating estate. The deadline to submit a completed claim form is 5/11/2009.
The GM Bankruptcy Trustee anticipates that the next distribution of GM stock and warrants to allowed unsecured claims will be in late October or early November. Claim Forms were sent to Class Members at the same mailing addresses used for the Notice of Proposed Class Action Settlement.
On July 5, 2009, an order was entered approving the sale of substantially all of the Initial Debtors' assets to a new and independent company (now known as General Motors Company) under section 363 of the Bankruptcy Code. On October 9, 2009, Remediation and Liability Management Company, Inc.