Looks like the fight is over folks......

Thursday, June 18, 2009

GM Has Its Dissident Bondholders, Too

"A group of smaller General Motors bondholders is trying to make itself heard in GM’s bankruptcy case, arguing that the big, institutional bondholders that dominate an official committee of bondholders aren’t representing the interests of small investors."

"The GM group calls itself the “Unofficial Committee of Family & Dissident GM Bondholders.” Over GM’s objections, the group of dissident GM bondholders won a hearing scheduled for June 23, essentially to change the “Unofficial” part of the name to “Official.” As an official committee, the group would have a role in planning GM’s reorganization.


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