Wsj: Gm Bankruptcy

Discussion in 'Current Events' started by DavidS, Dec 11, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Breaking News:


    General Motors Corp. has hired lawyers and bankers to consider whether to file for bankruptcy protection, said several people familiar with the matter, while Senate lawmakers embarked on a last-ditch effort to break an impasse on Congress's auto-bailout package.


    GM management recently tapped bankruptcy veteran Harvey Miller of the New York law firm, Weil Gotshal & Manges LP, to handle what would be one of the largest and most controversial filings in U.S. history. Others involved in the matter include restructuring veterans Jay Alix, Evercore Partners' William Repko and Blackstone Group's Arthur Newman.


    GM Retains Bankruptcy Counsel - WSJ.com
     

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