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Friday, October 21, 2011

Federal Judge Approves $120 Million Legal Fees for “Old” GM Lawyers


The U.S. car industry bailout process was a troubled one but at least ended well as both General Motors and Chrysler are in much better shape than two years ago. In fact, GM has even regained its number one spot in world sales. All is well that ends well, then.

However, the matter of fees and expenses for the lawyers and consultants that were owed by the “Old”, i.e. bankrupt, GM, remained. These professionals worked for the company during the bailout, and then requested their fees.

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