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U.S. Government Seeks To Join Interlocutory Appeal Of Fixtures Ruling In GM Bankruptcy Case

LexisNexis (November 20, 2017, 1:58 PM EST) -- The GM bankruptcy case is the gift that just keeps on giving.  First, there were five years of litigation on whether a mistaken termination statement covering a $1.5 billion secured loan was "authorized" within the meaning of Article 9 of the UCC. Then there was a legal malpractice suit brought by some of the secured lenders/investors against the Mayer Brown law firm which represented GM and whose paralegal made the mistaken UCC filing; the plaintiffs lost on the ground that they had no standing because Mayer...
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