Legal Opinion
Elliott v. General Motors LLC
Court of Appeals for the Second Circuit
Decided July 13, 2016No. Docket Nos. 15-2844-bk(L), 15-2847-bk(XAP), 15-2848-bk(XAP)PublishedCited by 134 opinions
1Opinion of the Court
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 losses of $70 billion over the course of a year and a half. The U.S. Department of the Treasury (“Treasury”) loaned billions of dollars from the Troubled Asset Relief Program (“TARP”) to buy the company time to revamp its business model. When Old…
2Cases cited77 opinions
- Morrissey v. BrewerSupreme Court of the United States · 1972
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Mullane v. Central Hanover Bank & Trust Co.Supreme Court of the United States · 1950
- Kotteakos v. United StatesSupreme Court of the United States · 1946
- Grogan v. GarnerSupreme Court of the United States · 1991
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3Cited by134 opinions
- In re Motors Liquidation Co.District Court, S.D. Illinois · 2018
- Tronox Inc. v. Kerr-McGee Corp.Court of Appeals for the Second Circuit · 2017
- In re Motors Liquidation Co.: Those Certain Post-Closing AccidentCourt of Appeals for the Second Circuit · 2019
- Momentive Performance Materials Inc. v. BOKF, NACourt of Appeals for the Second Circuit · 2017
- Quincy Medical Center v. GuptaCourt of Appeals for the First Circuit · 2017
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