GM shielded from ignition lawsuits by bankruptcy rule

April 15, 2015 11:03 PM

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GM won't face lawsuits stemming from problems tied to its deadly ignition switch, a federal bankruptcy judge in New York ruled late Wednesday.

The decision by Federal Bankruptcy Court Judge Robert Gerber upholds GM's so-called bankruptcy shield. GM acquired the shield as part of its bankruptcy reorganization when a new company was created in 2009, referred to in court as "New GM."

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