Lawyers Prepare for GM Suits With Novel Strategies

Hilary Stout has a very informative article on the GM suit called Lawyers Prepare for GM suits With Novel Strategies.

Ever since General Motors announced the recall of 1.6 million vehicles because of a faulty ignition switch, lawyers across the country have been preparing to sue the automaker.

But some of the cases against General Motors might not be typical product liability litigation. Lawyers say the cases could hinge on extraordinary accusations of fraud — and novel legal strategies that question the very existence of the formerly bankrupt company.

The restructuring agreement helped the ailing automaker regain its financial footing in part by protecting the company from legal claims stemming from incidents before the bankruptcy filing in 2009. Since some of the crashes in question occurred before General Motors declared bankruptcy in June 2009 and was rescued by the federal government, legal arguments being explored would challenge the validity of the restructuring agreement credited with saving the automaker from dissolution, according to bankruptcy and plaintiff lawyers exploring possible litigation.

This could become very interesting considering you and I bailed GM out with our tax dollars-I'm not a happy camper!