GM Settles Non-Owned Sites Liabilities for $54-Mil.

FAIRLESS HILLS, Pa. -- Motors Liquidation Company, formerly General Motors Corp., entered into an agreement settling its environmental liabilities at non-owned sites for $54 million.

More news on the General Motors case, including a bankruptcy court's bench decision on the confirmation objections to the automaker's plan of reorganization and the Court's approval of the $773-mil. settlement of GM's environmental liabilities, are in GENERAL MOTORS BANKRUPTCY NEWS, Issue No. 63 published by Bankruptcy Creditors' Service, Inc.

The 25-page newsletter contains stories with these headlines:

[01671] COURT ENTERS BENCH DECISION ON CONFIRMATION OBJECTIONS

[01672] GM SETTLES ENVIRONMENTAL LIABILITIES FOR $773 MILLION

[01673] OLD GM SETTLES LIABILITIES IN NON-OWNED SITES FOR $54MM

[01674] RULE 2019 STATEMENT -- Brown Rudnick LLP

[01675] NEW GM'S MOTION TO ENFORCE SALE ORDER & ENJOIN UAW SUIT

[01676] DEBTORS' MOTION TO REJECT DTE PONTIAC UTILITY PACT

[01677] DEBTORS' OBJECTION TO NUMMI'S CLAIM NO. 70842

[01678] DEBTORS' OBJECTION TO M. SCHWARTZ'S CLAIMS FOR $334MM

[01679] DEBTORS' OBJECTIONS TO NO SUFFICIENT DOCUMENTATION CLAIMS

[01680] DEBTORS' 17TH OMNIBUS OBJECTION TO CLAIMS

[01681] DEBTORS' 110TH OMNIBUS OBJECTION TO CLAIMS

[01682] DEBTORS' 160TH TO 162ND OMNIBUS OBJECTIONS TO CLAIMS

[01683] DEBTORS' 169TH TO 185TH OMNIBUS OBJECTIONS TO CLAIMS

[01684] DEBTORS' OBJECTIONS TO SECTION 503(b)(9) CLAIMS

[01685] STIPULATION RESOLVING TREASURY DEPARTMENT CLAIMS

[01686] STIPULATION RESOLVING INTERNAL REVENUE SERVICE'S CLAIMS

[01687] STIPULATION RESOLVING FLEXTRONICS, ET AL. CLAIMS

[01688] TWO DIRECTORS DISCLOSE OWNERSHIP OF GM COMMON STOCK

[01689] DIRECTORS DISCLOSE OWNERSHIP OF NEW GM RESTRICTED STOCK

[01690] EXECUTIVES DISCLOSE OWNERSHIP OF GM STOCK GRANTS

[01691] OLD GM CREDITORS TO RECEIVE NEW GM STOCK ON APRIL 1

[01692] 476 WORKERS AVAIL OF GM'S EARLY RETIREMENT PACKAGES

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|MOTORS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|MOTORS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

GENERAL MOTORS BANKRUPTCY NEWS tracks the restructuring of Chevrolet-Saturn of Harlem Inc, General Motors Corp, Saturn Distribution Corporation and Saturn LLC.

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GENERAL MOTORS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

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Company: Bankruptcy Creditors' Service, Inc. 

Contact: Peter A. Chapman 

Phone: (215) 945-7000 

Email: peter[@]bankrupt.com