New Bankruptcy Opinion: IN RE MOTORS LIQUIDATION COMPANY – Bankr. Court, SD New York, 2015

In re: MOTORS LIQUIDATION COMPANY, et al., f/k/a General Motors Corp., et al., Chapter 11, Debtors.

Case No. 09-50026 (REG) (Jointly Administered).

United States Bankruptcy Court, S.D. New York.

October 27, 2015.

ORDER ON BENCH DECISION AND ORDER ON REQUEST FOR STAY

ROBERT E. GERBER, Bankruptcy Judge.

For the reasons stated in this Court’s Bench Decision and Order on Request for Stay, dated October 14, 2015 [ECF No. 13503, Ex. A], IT IS HEREBY: [1]

ORDERED that Plaintiffs’ Request for a Stay of GUC Trust Distributions, dated June 24, 2015 [ECF No. 13246], is granted with respect to the Anticipated November 2015 Distribution, conditioned on the posting of a supersedeas bond in the amount of $10.6 million; and it is further

ORDERED that should Plaintiffs elect to post the supersedeas bond, they must do so by the close of business on October 28, 2015, and certify the same to this Court.

[1] Unless otherwise noted herein, capitalized terms have the same meaning as in the Stipulations of Fact, dated September 17, 2015 [ECF No. 13441].

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