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Published June 3, 2009 at 9:20 AM
General Motor Corp. will emerge from bankruptcy "quickly and as a stronger and more competitive company." At least that's what President Obama projected in his Monday address on GM's Chapter 11 filing. In fact, the administration has stated GM could emerge from bankruptcy as early as this summer.
But as an appeal filed Monday to halt the sale of Chrysler LLC to Fiat SpA shows, roadblocks to a smooth bankruptcy ride can emerge at anytime. In this edition of Inside The Deal, Peter Kaufman, president and head of restructuring and distressed M&A for the investment bank Gordian Group LLC, says opposition to a GM reorganization could be larger, more organized and more vocal than Chrysler dissenters. And that will have plenty to do with how quickly GM can emerge. See the video below or download it at iTunes. - Suzanne Stevens
Steptoe & Johnson LLP hired Brigida Benitez as a partner in the international regulation and compliance and commercial litigation practices in Washington. For other updates launch today's Movers & shakers slideshow.
In this video, Bruce Aust, Nasdaq's EVP of the global corporate client group, explains its acquisition strategy, which has recently included several companies in the corporate solutions business. More video
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