GM Asks Bankruptcy Court To Block Ignition-Related Lawsuits

(paul bica)A few weeks back, new General Motors CEO Mary Barra hedged on whether her company would hide behind the shield of its 2009 bankruptcy in order to block lawsuits tied to the ongoing ignition-related recalls, telling lawmakers only that “we have civic responsibilities as well as legal responsibilities.” In the weeks since, GM has made it very clear that it will do everything it can to use its own financial incompetence and ineptitude to put up a wall against these lawsuits. As we’ve explained before, when GM went belly-up during the recession its restructuring plan included selling its assets to a new corporate entity called NGMCO Inc.

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