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  • January 22, 2015 | New York Law Journal

    Circuit Holds Parties to $1.5 Billion Filing Error

    A filing mistake by attorneys that rendered a secured loan from JP Morgan to General Motors unsecured has left a group of creditors free to pursue a clawback of some $1.5 billion in the GM b

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  • January 22, 2015 | New York Law Journal

    Circuit Holds Parties to $1.5 Billion Filing Error

    The Second Circuit held that it did not matter that neither GM, nor its counsel at Mayer Brown, nor JP Morgan or its counsel at Simpson Thacher, intended a filing mistake that rendered a secured loan unsecured, the error will allow a group of creditors to pursue a clawback of some $1.5 billion in the GM bankruptcy case.

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  • In re: Motors Liquidation Company, f/k/a General Motors Corporation, et al., Debtors, 09-50026

    Publication Date: 2013-03-05
    Practice Area:
    Industry:
    Court: Bankruptcy Court, Southern District
    Judge: Bankruptcy Judge Robert Gerber
    Attorneys: For plaintiff: Counsel for the Official Committee of Unsecured Creditors of Motors Liquidation Company by: Barry N. Seidel, Esq., Eric B. Fisher, Esq. (argued), Katie L. Cooperman, Esq., Dickstein Shapiro LLP., New York, NY.
    for defendant: Counsel for Defendant JPMorgan Chase Bank, N.A. by: John M. Callagy, Esq. (argued), Nicholas J. Panarella, Esq., Martin A. Krolewski, Esq., Kelley Drye & Warren LLP, New York, NY.
    Case Number: 09-50026

    Cite as: In re: Motors Liquidation Co., 09-50026, NYLJ 1202590979467, at *1 (Bankruptcy, Ct., SDNY, Decided March 1, 2013)Bankruptcy Judge Robert Ger