July 3, 2009

ASBESTOS LITIGATION: GM OK’d to Use $33.3B to Pay for Bankruptcy

COMPANIES: General Motors Corp
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General Motors Corporation, on June 25, 2009, was allowed to use up to US$33.3 billion to pay for its bankruptcy, after making a few changes to settle technical objections, USA Today reports.

U.S. Bankruptcy Judge Robert Gerber approved the financing after…

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LOCATIONS: Michigan | United States