Lansing, Mich.-A bankruptcy court scheduled a Feb. 9 hearing to consider a request to compel Motors Liquidation Co. to pay additional funds to the trust handling the cleanup and redevelopment of former General Motors Corp. sites, according to a spokeswoman for the New York Attorney General's Office (In re Motors Liquidation Co., Bankr. S.D. N.Y., No. 09-50026, hearing date set 12/6/11). The Revitalizing Auto Communities Environmental Response (RACER) Trust says Motors Liquidation, the non-operating portion of the former GM and known as "Old GM," substituted an all-cash payment with a combination of cash and Treasury securities, improperly valuing the securities in the process (42 ER 2697, 12/2/11).
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机译:密歇根州兰辛市-一家破产法院原定于2月9日举行听证会,以考虑要求强迫汽车清算公司向信托基金支付额外资金,以处理前通用汽车公司旧址的清理和重建工作。纽约总检察长办公室(In re Motors Liquidation Co.,Bankr。SDNY,编号09-50026,听证日期定为12/6/11)。振兴汽车社区环境响应基金会(RACER)表示,前通用汽车的非经营部分,被称为“旧通用汽车”的汽车清算公司用现金和国库券的组合代替了全现金支付,从而对证券进行了不正确的估值(42 ER 2697,12/2/11)。
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