Perspective
Apr. 17, 2014
General Motors bankruptcy 2.0: lessons learned
GM's recall of millions of cars has prompted confusion about the impact of the company's 2009 bankruptcy on consumers' remedies. By Christine Spagnoli
The recent headlines surrounding General Motors' recall of millions of cars for an ignition switch defect have prompted head-scratching by consumers, the media and many lawyers about the impact of the automaker's 2009 bankruptcy on consumers' remedies for injuries and deaths associated with the bad parts. Revisiting the basic events sheds some light on the answers, but also reveals the harsh realities of a bankruptcy gone bad, wh...
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