Sunday, June 28, 2009
Breaking news re GM and products liability
Public Citizen just posted a note stating that "a number of news sources are reporting that the GM bankruptcy sale agreement has been amended to assure that the new company emerging from bankruptcy will be liable for product liability claims." If has a link to a New York Times story that reportedly states: "General Motors and the Obama administration have reached a deal for the carmaker to assume responsibility for product liability claims filed after it emerges from bankruptcy as a new company, even those claims involving vehicles made by the old company, according to documents filed in bankruptcy court late Friday."
Labels:
Auto industry,
Bankruptcy,
Products liability
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