Appeals loom in GM plan to sell assets
10:23 AM Tue, Jul 07, 2009 | Permalink
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NEW YORK -- Groups representing plaintiffs in car accidents said Monday they would oppose General Motors' attempt to quickly exit bankruptcy protection, arguing that hundreds of victims could be hurt by the government-led plan, according to The Associated Press. U.S. Judge Robert Gerber approved a crucial step of the plan late Sunday, allowing the troubled automaker to sell its assets to a new company and saying the deal was in the best interest of both the automaker and its creditors, who would get nothing if the automaker was forced to liquidate. 
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