(Reuters) – Lawyers for General Motors (GM.N) on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.
The carmaker made its argument on the first day of a scheduled three-day bench trial before Judge Martin Glenn of the U.S. Bankruptcy Court in New York. The trial will determine the validity of a deal the car owners said they reached in August with a trust that holds many GM liabilities from before its 2009 bankruptcy.
