April 25, 2018
VIA ELECTRONIC COURT FILING AND E-MAIL
The Honorable Martin Glenn
United States Bankruptcy Judge
United States Bankruptcy Court
Southern District of New York
Alexander Hamilton Custom House
One Bowling Green
New York, New York 10004
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Re: |
In re Motors Liquidation Company, Case No. 09-50026 (MG) |
Dear Judge Glenn:
I write on behalf of
Wilmington Trust Company, solely in its capacity as trust administrator and trustee (the Trust Administrator) of the Motors Liquidation Company GUC Trust (the GUC Trust). Pursuant to this
Courts Order of March 27, 2018, we are pleased to report that today the GUC Trust executed a settlement agreement with the Ignition Switch Plaintiffs, certain Non-Ignition Switch Plaintiffs
(collectively, the Economic Loss Plaintiffs) and certain of the Ignition Switch Pre-Closing Accident Plaintiffs. The GUC Trust, the Economic Loss Plaintiffs and the Ignition Switch Pre-Closing Accident Plaintiffs are currently working to finalize motion papers and ancillary documents necessary to seek approval of the settlement from this Court and to implement the terms of the Settlement. We
anticipate filing the necessary motions on or before May 1, 2018.
We are available at the Courts convenience should Your Honor
wish to discuss this matter.
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KKG/TYL |
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Respectfully Submitted,
/S/ Kristin K. Going
Kristin K. Going Drinker Biddle & Reath LLP
1177 Avenue of the Americas, 41st Floor New York, NY
10036 (212) 248-3273 Kristin.going@dbr.com |