Bankruptcy Judge Stays GM Ignition Switch Case, Orders $10.6M Bond Be Posted

(October 16, 2015, 2:27 PM EDT) -- NEW YORK — The federal bankruptcy judge in New York presiding over the liquidation of Motors Liquidation Co., f/k/a General Motors Corp. (Old GM), on Oct. 14 granted a stay in the case and ordered that a $10.6 million bond be posted to cover the prejudice suffered by members of the General Unsecured Claims (GUC) Trust due to the delay in distributions caused by the enforcement of the stay (In re: Motors Liquidation Company, et al., f/k/a General Motors Corp., et al., No. 09-50026, S.D. N.Y....
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