GM wins ruling over $450M retiree dispute

DETROIT (AP) -- A judge says General Motors has no legal obligation to make a $450 million payment for medical benefits for certain blue-collar retirees. The payment was part of a 2007 agreement between GM and the United Auto Workers before the old GM filed for bankruptcy. But the provision was missing from a 2009 deal signed by the new GM that emerged from bankruptcy. The deal was related to medical benefits for retirees who worked for GM or Delphi, a former affiliate. In a 34-page decision Tuesday, Detroit federal Judge Avern Cohn says it's strictly a matter of reading the 2009 agreement. Cohn says whether GM has a "moral obligation" to make the payment is "another matter and not relevant." Published: Thu, Dec 12, 2013

––––––––––––––––––––
 Subscribe to the Legal News!
 http://test.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available