From an article published June 10, 2009 following the denial of the Supreme Court to hear the merits of the Chrysler-Fiat sale. Tom Lauria was the spearhead for the dissident bondholders of Chrysler and was thought to play a major role in the dissident bondholders in the GM Bankruptcy. With 45% of the $27.2 billion rejecting the GM/Government bankruptcy package Mr. Lauria will have a large pool of dissent clients from which to choose to represent. So why haven't we heard from Mr. Lauria as of yet concerning the GM Bankruptcy case? My off the wall guess is he is shopping for the best dissident bondholder client(s), whether institutional or non-institutional, with the most compelling merits of their case. I think we will know by 5 PM Friday, June 19th when the objections to the 363 Sale of the GM assets are due to be filed with the Bankruptcy court. Let's wait and see.....
Some excerpts from the WSJ article of June 10.....
"A hodgepodge of GM bondholders have asked him to represent them in a challenge to GM’s bankruptcy filing."
"As for Lauria, he’s chagrined by more than just the outcome of the Chrysler/Fiat situation. He says his experiences of the last month “cause me to worry that there is something very wrong with the system,” and he says he wonders “whether our judiciary is today able to fulfill its constitutional mission to ensure that the rule of law prevails — particularly in the face of perceived crisis."
See the article at:
http://blogs.wsj.com/law/2009/06/10/the-lawyer-of-the-hour-white-cases-overly-tenacious-tom-lauria/
I can't imagine Mr. Lauria not participating in the GM Bankruptcy fight, as this presents a unique opportunity to bring the merits of a strong case against the GM/Task force actions in front of the Supreme Court should the lower courts not redistribute the ownership of the new GM based on existing bankruptcy law. Just a thought.....
Some excerpts from the WSJ article of June 10.....
"A hodgepodge of GM bondholders have asked him to represent them in a challenge to GM’s bankruptcy filing."
"As for Lauria, he’s chagrined by more than just the outcome of the Chrysler/Fiat situation. He says his experiences of the last month “cause me to worry that there is something very wrong with the system,” and he says he wonders “whether our judiciary is today able to fulfill its constitutional mission to ensure that the rule of law prevails — particularly in the face of perceived crisis."
See the article at:
http://blogs.wsj.com/law/2009/06/10/the-lawyer-of-the-hour-white-cases-overly-tenacious-tom-lauria/
I can't imagine Mr. Lauria not participating in the GM Bankruptcy fight, as this presents a unique opportunity to bring the merits of a strong case against the GM/Task force actions in front of the Supreme Court should the lower courts not redistribute the ownership of the new GM based on existing bankruptcy law. Just a thought.....
