IN the MATTER OF: MOTORS LIQUIDATION COMPANY, Debtor.
Celestine Elliott, Lawrence Elliott, Berenice Summerville, Creditors-Appellants-Cross-Appellees,
Sesay and Bledsoe Plaintiffs, Ignition Switch Plaintiffs, Ignition Switch Pre-Closing Accident Plaintiffs, Doris Powledge Phillips, Appellants-Cross-Appellees,
Groman Plaintiffs, Appellants,
v.
General Motors LLC, Appellee-Cross-Appellant,
Wilmington Trust Company, Trustee-Appellee-Cross-Appellant,
Participating Unitholders, Creditors-Appellees-Cross-Appellants.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued: March 15, 2016.
Decided: July 13, 2016.
Attorney(s) appearing for the Case
GARY PELLER , Washington, D.C., for Creditors-Appellants-Cross-Appellees Celestine Elliott, Lawrence Elliott, and Berenice Summerville, and Appellants-Cross-Appellees Sesay and Bledsoe Plaintiffs.
WILLIAM P. WEINTRAUB ( Gregory W. Fox , on the brief), Goodwin Procter LLP, New York, New York, for Appellants-Cross-Appellees Ignition Switch Pre-Closing Accident Plaintiffs.
Joshua P. Davis , Josh Davis Law Firm, Houston, Texas, for Appellant-Cross-Appellee Doris Powledge Phillips.
ALEXANDER H. SCHMIDT , Wolf Haldenstein Adler Freeman & Herz LLP, New York, New York, and Jonathan L. Flaxer , Golenbock Eiseman Assor Bell & Peskoe LLP, New York, New York, for Appellants Groman Plaintiffs.
PRATIK A. SHAH , Akin Gump Strauss Hauer & Feld LLP, Washington, D.C., and Daniel H. Golden , Deborah J. Newman , Akin Gump Strauss Hauer & Feld LLP, New York, New York, for Creditors-Appellees-Cross-Appellants Participating Unitholders.
Before: STRAUB, CHIN, and CARNEY, Circuit Judges.
CHIN, Circuit Judge:
On June 1, 2009, General Motors Corporation ("Old GM"), the nation's largest manufacturer of automobiles and the creator of such iconic American brands as Chevrolet and Cadillac, filed for bankruptcy. During the financial crisis of 2007 and 2008, as access to credit tightened and consumer spending diminished, Old GM posted net...
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