GM (GM) on Watch; Appeals Court Said to Rule that Bankruptcy Sale Won't Shield from Accident Claims

Appeals court said to rule that bankruptcy won't shield GM (NYSE: GM) from accident claims.

UPDATE - According to CNBC, GM commented on the ruling today, if some claims are ultimately allowed to proceed, plaintiffs must still prove cases.

$GM on appeals crt ruling on ignition switch cases: “if some claims are ultimately allowed to proceed, plaintiffs must still prove cases.”

— Phil LeBeau (@Lebeaucarnews) July 13, 2016

Shares of GM are down 0.7 percent.

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