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MEDIA AVAILABILITY: GM Bankruptcy: What About Terminated GM Dealerships? Former U.S. Attorney Seeks Piece of Restructured Pie for Thousands of Closed Auto Dealers
June 21st, 2009
With General Motors filing for bankruptcy, former U.S. Attorney G. Douglas Jones of Birmingham, who is seeking a piece of the restructured pie for thousands of closed GM auto dealerships, is available today for media interviews and analysis. This morning, GM filed for bankruptcy. According to The Washington Post, under the proposed restructuring, about 60 percent of the new GM would be owned by the United States, about 12 percent by the governments of Canada and Ontario, a union health trust would own 17.5 percent, and the company's current bondholders would get 10 percent. Now Jones is asking: "What about terminated GM dealerships'" ...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-21)
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