| Dissident Bondholders Stand Ground on Committee Request in GM Bankruptcy | ||||
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Dissident bondholders are apparently not backing down from their request for their own official committee to act alongside the court-appointed committee of unsecured creditors in the General Motors bankruptcy. The co-chair of the bankruptcy practice at Patton Boggs argues that the creditors committee is not adequately representing smaller bondholders' interests, because it appears to be going along with a plan to sell GM that could jeopardize those bonds -- or wipe them out almost entirely.
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