Financial Times FT.com

GM urges end to bankruptcy objections

By Bernard Simon in Toronto

Published: June 28 2009 23:07 | Last updated: June 28 2009 23:07

General Motors has asked a New York bankruptcy judge to dismiss about 750 objections when he considers whether to allow the sale of most of its assets to a new entity in the most crucial phase of the carmaker’s court-supervised restructuring.

GM said in court documents on Friday that, in spite of the volume of objections, “not one party seriously suggests – much less points to a single fact suggesting – that the transaction not be consummated or that there is any viable alternative transaction, purchaser or financing source”.

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