On January 29, 2015, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Motors Liquidation Company (f/k/a General Motors Corporation) and its affiliates.
The filing was assigned docket number 13063 and is described on the court’s official docket as follows:
Order Signed on 1/29/2015 (A) Authorizing the GUC Trust Administrator to Liquidate New GM Securities and Use Dividend Cash for the Purposes of Funding Administrative and Reporting Fees, Costs and Expenses of the GUC Trust and (B) Extending the Duration of the GUC Trust. (Related Doc # ) (Nulty, Lynda)
Motors Liquidation Company (f/k/a General Motors Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 1, 2009. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 09-50026. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Gerber. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to Motors Liquidation Company (f/k/a General Motors Corporation) in the bankruptcy case.