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Economic loss is focus of Bankruptcy Court proceeding related to GM recall

The Bankruptcy Court is handling issues that are distinct from accident claims brought by GM car owners and their relatives

Issues related to the recall of millions of General Motors’ cars are now being addressed in Bankruptcy Court as all sides await guidance from veteran Judge Robert Gerber.

On May 2, Gerber urged the sides to work toward a settlement when it comes to “economic loss” on the value of the cars – due to defective ignition systems – to avoid a "monstrous battle," according to The Wall Street Journal.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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