{"id":31612,"date":"2012-09-28T07:01:24","date_gmt":"2012-09-28T11:01:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=31612"},"modified":"2012-09-28T07:01:24","modified_gmt":"2012-09-28T11:01:24","slug":"lawsuit-could-cost-gm-918-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2012\/lawsuit-could-cost-gm-918-million.html","title":{"rendered":"Lawsuit could cost GM $918 million"},"content":{"rendered":"<p>Detroit Free Press &#8211; A deal that helped General Motors settle financial claims from a group of hedge funds around the time of its historic 2009 bankruptcy could cost the company more than $900 million if a lawsuit in progress now succeeds, a top executive said Thursday.<\/p>\n<p>A trust representing unsecured creditors for the Old GM is contesting a so-called &#8220;lockup agreement&#8221; in which several hedge funds agreed to accept $367 million to settle $1.3 billion in claims against Old GM, known in U.S. Bankruptcy Court in New York as Motors Liquidation.<\/p>\n<p><a href=\"http:\/\/www.freep.com\/article\/20120928\/BUSINESS0101\/309280061\/Lawsuit-could-cost-GM-918-million\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroit Free Press &#8211; A deal that helped General Motors settle financial claims from a group of hedge funds around the time of its historic 2009 bankruptcy could cost the company more than $900 million if a lawsuit in progress [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-31612","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=31612"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31612\/revisions"}],"predecessor-version":[{"id":38403,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31612\/revisions\/38403"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=31612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=31612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=31612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}