As reported in the St. Louis Post-Dispatch “Attorneys general in 11 states, including Missouri and Illinois, have filed objections to General Motors Corp.’s reorganization plan. They have asked the bankruptcy court in Manhattan to reject the sale of most of GM’s assets to a ‘new’ GM unless there is stronger consumer protection.” The filing “asks that the sale exclude a product-liability shield.”
Court of Appeals Rules on SUM Claims
June 4, 2009
In a decision dated June 4, 2009, In the Matter of Allstate Insurance Company v. Rivera, the Court of Appeals handed down a ruling regarding SUM claims. Essentially the Court ruled that insurers under a SUM policy are “able to reduce the coverage limits of the tortfeasor’s policy