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{ Monthly Archives } May 2009

GM Set For Government-Assisted Bankruptcy

The iconic U.S.

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2009 05 31 Baxter & Baxter, LLP Uncategorized Comments (0)

GM to file for bankruptcy protection

President Obama will announce the bankruptcy filing in a speech Monday morning, the end result of a 60-day restructuring challenge for what was once the world’s largest company. General Motors Corp., long the titanic symbol of American might and lately a stark reminder of the nation’s failings, will file the largest industrial bankruptcy in U.S. history Monday, according to senior Obama administration officials

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2009 05 31 Baxter & Baxter, LLP Uncategorized Comments (0)

Bondholders accept GM equity offer, setting stage for bankruptcy

A majority of bondholders agree to swap their debt for a stake in a reorganized GM, which is expected to file for Chapter 11 on Monday. A majority of General Motors Corp

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2009 05 31 Baxter & Baxter, LLP Uncategorized Comments (0)

A Fateful Day Looms For Automakers

Monday is expected to be a remarkable day in American industrial history. A judge in New York plans to rule on a critical sale that would launch Chrysler out of bankruptcy

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2009 05 31 Baxter & Baxter, LLP Uncategorized Comments (0)

GM Teeters On Bankruptcy; Chrysler Hopes For Rescue

Host Scott Simon discusses the expected bankruptcy filing of General Motors and the economic state of the U.S. auto industry with New York Times business columnist Joe Nocera. » E-Mail This      » Add to Del.icio.us

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2009 05 30 Baxter & Baxter, LLP Uncategorized Comments (0)

United Auto Workers approve new contract with GM

The deal will save General Motors billions of dollars in debt and give the union at least a 17.5% stake in the company when it emerges from a likely bankruptcy. Reporting from Los Angeles and Washington Ken Bensinger — General Motors Corp. cleared another crucial hurdle in its restructuring today as the United Auto Workers said it had ratified a revised contract that would save the automaker billions of dollars and give the union at least a 17.5% stake in the company.

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

General Motors’ Woes Felt Far South Of Detroit

General Motors (GM) is expected to file for bankruptcy on Monday, which is the government-imposed deadline for the automotive giant to restructure and slash costs. But there is a looming fear of even more cuts in towns across the nation, where GM is the leading supplier of jobs

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2009 05 29 admin Uncategorized Comments (0)

General Motors may follow Chrysler’s path to quick exit from bankruptcy

A new offer would give GM bondholders as much as 25% of the company, provided they don’t contest the automaker’s expected Chapter 11 filing. By offering a sweetened deal Thursday to holders of $27 billion of its bonds, General Motors Corp.

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2009 05 29 admin Uncategorized Comments (0)

Collier Forms Manual Author to Settle Rights Dispute Between Warren Beatty & Tribune Over Dick Tracy

Judge Kevin J. Carey, Collier Forms Manual co-author and Chief Judge of the United States Bankruptcy Court for the District of De

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2009 05 01 admin Uncategorized Comments (0)