General Motors Corporation creditors recently won permission to seek data concerning asbestos exposure and claims. Yesterday in New York City, U.S. Bankruptcy Judge Robert Gerber agreed to let unsecured creditors see the previously private information.
In May, Gerber extended GM's control over its liquidation until this fall in order to settle asbestos and environmental liabilities. According to court documents, small encapsulated amounts of asbestos were found in the brake linings of some of GM's vehicles.
The GM estate currently has $648 million recorded for asbestos claims, and a committee of creditors believe they could see this number increase by five to ten times.
If you or someone you love has been the victim of asbestos exposure, contact the Asbestos exposure lawyers of Williams Kherkher LLP at 800-781-3955 to learn more about your rights.