Lawyers want to drive GM back into bankruptcy, but analyst thinks GM might get away with $2 – 3 bln black eye

Picture courtesy

GN’s stock has received a flogging in the widening wake of the recall scandal. Pessimistic investors are worried that GM’s bankruptcy might be reopened. Optimists think that GM, being shielded from liabilities after the bankruptcy, will get away scot-free.  A renowned analyst thinks both are wrong, and that GM will likely go  for a Toyota-sized $2-3bln settlement. [Continue Reading]