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Live coverage of GM hearings

  • Hearing adjourned for an early lunch- stay tuned for our article on Reuters.com. We'll be back at 12:30pm for more from the GM hearing.
    by DealZone via twitter at 6/25/2009 4:04:19 PM
  • Live: GM bankruptcy court hearing http://r.reuters.com/xaf77c
    by DealZone via twitter at 6/25/2009 5:16:49 PM
  • Judge takes another recess five minutes after coming back from 2hr lunch- but on the bright side, he will likely come back with a decision.
    by DealZone via twitter at 6/25/2009 5:49:19 PM
  • Judge in GM case says non-union retirees don't get official committee among creditors.
    by DealZone via twitter at 6/25/2009 6:02:49 PM
  • Hearing adjourned- stay tuned on Tuesday for the BIG hearing- the sale hearing. Thanks for following Reuters' DealZone.
    by DealZone via twitter at 6/25/2009 6:28:18 PM
  • Good morning from extremely crowded #GM sale hearing in bankruptcy court in Manhattan
    by DealZone via twitter at 6/30/2009 1:39:28 PM
  • At least 50 protesters from a union group gathered outside #GM hearing
    by DealZone via twitter at 6/30/2009 1:47:28 PM
  • Even both overflow rooms at #GM bankruptcy sale hearing are packed.
    by DealZone via twitter at 6/30/2009 1:55:29 PM
  • Judge Gerber has arrived. #GM sale hearing beginning
    by DealZone via twitter at 6/30/2009 2:19:59 PM
  • Judge Gerber just tells everyone in crowded #GM courtroom they have permission to "take off their suits" quickly corrects to "suit coats"
    by DealZone via twitter at 6/30/2009 2:19:59 PM
  • Apparently the #GM courtroom is so hot it is messing up the communications system. Court is in recess while they wait for technical help
    by DealZone via twitter at 6/30/2009 2:19:59 PM
  • #GM sale hearing is delayed, pending technical difficulties, we'll see what happens.
    by DealZone via twitter at 6/30/2009 2:19:59 PM
  • They appear to be switching courtrooms at the moment in #GM sale hearing
    by DealZone via twitter at 6/30/2009 2:28:28 PM
  • Due to technical difficulties #GM sale hearing is moving from Judge Gerber's courtroom to Judge Gropper's courtroom -- but should begin soon
    by DealZone via twitter at 6/30/2009 2:45:28 PM
  • Judge Gerber has arrived, GM sale hearing beginning in new courtroom #GM #bankruptcy
    by DealZone via twitter at 6/30/2009 3:10:58 PM
  • The court has added a third overflow room for #GM sale hearing -- this takes standing room only to a new level
    by DealZone via twitter at 6/30/2009 3:10:58 PM
  • Judge Gerber is pleading for people to only ask questions of witnesses that have not already been asked and work together to conserve time
    by DealZone via twitter at 6/30/2009 3:10:58 PM
  • This hearing seems like it will go into tomorrow. Gerber just said the deadline for depositions was noon tomorrow
    by DealZone via twitter at 6/30/2009 3:10:58 PM
  • #GM lawyer Harvey Miller now talking
    by DealZone via twitter at 6/30/2009 3:19:28 PM
  • Miller questioned standing of "family and dissident" bondholders saying they didn't pay near par for their bonds, Judge overrules objection
    by DealZone via twitter at 6/30/2009 3:36:28 PM
  • GM CEO Fritz Henderson getting sworn in at #GM sale hearing
    by DealZone via twitter at 6/30/2009 3:36:28 PM
  • GM CEO Henderson says GM's ex-CEO Rick Wagoner resigned at the suggestion of U.S. auto task force's Rattner
    by DealZone via twitter at 6/30/2009 3:53:28 PM
  • GM CEO Henderson says GM had thought about filing prepackaged bankruptcy on day 1 of bankruptcy as well as 363 sale
    by DealZone via twitter at 6/30/2009 3:53:28 PM
  • GM CEO Henderson says the business is doing better helped by anticipation of quick bankruptcy sale #GM
    by DealZone via twitter at 6/30/2009 4:18:58 PM
  • Bankruptcy judge is giving a quick break for the hearing it seems
    by DealZone via twitter at 6/30/2009 4:27:28 PM
  • Yes a 10 minute recess for the GM hearing - Henderson has been on the stand for a while
    by DealZone via twitter at 6/30/2009 4:27:28 PM
  • GM CEO Henderson says the business is doing better helped by anticipation of quick bankruptcy sale #GM
    by DealZone via twitter at 6/30/2009 4:35:58 PM
  • Henderson: "my assumption is the U.S. treasury is the purchaser"
    by DealZone via twitter at 6/30/2009 4:44:28 PM
  • GM hearing is back on - the creditor committee lawyer is questioning Henderson now
    by DealZone via twitter at 6/30/2009 4:52:58 PM
  • Henderson saying that he at one point said he believed retiree benefits for non-UAW union workers were "politically sensitive"
    by DealZone via twitter at 6/30/2009 5:17:28 PM
  • Judge Gerber is keeping a tight hand on his GM bankruptcy courtroom today and is trying to keep things moving along. When some lawyers b ...
    by DealZone via twitter at 6/30/2009 5:25:28 PM
  • When some lawyers began to debate he broke in with “Folks we’re not the English Parliament here. We don’t talk to each other.”
    by DealZone via twitter at 6/30/2009 5:25:28 PM
  • GM hearing taking a 1 hour lunch break
    by DealZone via twitter at 6/30/2009 6:30:58 PM
  • Back up and running at GM hearing. Henderson is still on the stand.
    by DealZone via twitter at 6/30/2009 7:38:58 PM
  • Judge Gerber having tough time w/ pro se litigant in #GM. Gerber: I can no longer permit you to have your opponents find things for you
    by DealZone via twitter at 6/30/2009 8:03:58 PM
  • Gerber wants to know why bondholder representing himself is putting GM's Henderson through "a memory test"
    by DealZone via twitter at 6/30/2009 8:03:58 PM
  • GM's Henderson says during huring that GM had $12 billion in cash last week but lots of outflows this week as credit lines come due
    by DealZone via twitter at 6/30/2009 8:20:58 PM
  • GM hearing takes a 5 minute recess -GM attorney Harvey Miller up next with questioning
    by DealZone via twitter at 6/30/2009 8:37:58 PM
  • Miller is doing redirect on #GM's Fritz Henderson
    by DealZone via twitter at 6/30/2009 8:54:58 PM
  • Miller asks about asbestos "orphan share" but it sounds a bit like "often share" - Judge Gerber jokes Miller still has his NY accent #GM
    by DealZone via twitter at 6/30/2009 8:54:58 PM
  • Henderson says he does not expect #GM to make money in 2009
    by DealZone via twitter at 6/30/2009 8:54:58 PM
  • Michael Richman repping dissident #GM bondholders asks questions of Henderson on recross
    by DealZone via twitter at 6/30/2009 9:11:58 PM
  • Correx: GM's Henderson said he didn't expect GM to make money in June 2009
    by DealZone via twitter at 6/30/2009 9:11:58 PM
  • Richman argues GM doing better because of government support of warranties -- but claims support was there prior to bankruptcy
    by DealZone via twitter at 6/30/2009 9:11:58 PM
  • Richman asks what would be the harm to UAW contract if there were a 60-90 day traditional reorganization plan. Fritz: I can't speak for UAW
    by DealZone via twitter at 6/30/2009 9:20:28 PM
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