Old GM
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U.S. and “Old GM” Reach Agreement to Resolve Environmental Liabilities
On October 20, 2010, the United States Department of Justice and Motors Liquidation Company, the “Old GM,” submitted to the bankruptcy court a settlement agreement pursuant to which Old GM would pay over $640 million in cash and over $20 million in non-cash assets for the remediation of 89 facilities that were not conveyed to… Continue reading