U.S. autos task force to get counsel from bankruptcy lawyer

davidlane · 03-13-2009, 08:22 PM

NEW YORK (Reuters) - - President Barack Obama's auto task force has hired a bankruptcy lawyer to advise it on its options for rescuing General Motors, Chrysler LLC and parts suppliers.

The task force hired Matthew Feldman, a partner in the business reorganization and restructuring department at New York law firm Willkie Farr & Gallagher LLP.

Feldman will be advising U.S. Treasury Secretary Timothy Geithner and Lawrence Summers, the director of the National Economic Council, on reorganization efforts by auto manufacturers and parts makers, Willkie said in a statement.

He will leave the firm by the end of March to start his position in Washington, according to Willkie.

http://www.autonews.com/apps/pbcs.dl...303139868/1229

Neanderthal · 03-14-2009, 01:49 AM

Why would timmy need YET ANOTHER LAWYER????????????????????

He's the only guy on the planet who actually understands all this stuff.

paddyk · 03-14-2009, 10:58 AM

“We’re pleased that the task force is staffing up,” GM Chief Financial Officer Ray Young said in an interview. “They aren’t just looking at General Motors. They’re looking at the total industry. It shows that they’re taking this assignment very seriously.”

http://www.bloomberg.com/apps/news?p...d=awfqBER0uZlU

2b2 · 03-14-2009, 01:17 PM

Quote:

Originally Posted by LAMRONH

Why would timmy need YET ANOTHER LAWYER????????????????????

in D.C.,
isn't the 'game' = "my bureaucracy is bigger than your bureaucracy"???

03-13-2009, 08:22 PM	#1 (permalink)
davidlane 4.6 Liter Northstar V8 Join Date: Feb 2005 Posts: 1,709	U.S. autos task force to get counsel from bankruptcy lawyer NEW YORK (Reuters) - - President Barack Obama's auto task force has hired a bankruptcy lawyer to advise it on its options for rescuing General Motors, Chrysler LLC and parts suppliers. The task force hired Matthew Feldman, a partner in the business reorganization and restructuring department at New York law firm Willkie Farr & Gallagher LLP. Feldman will be advising U.S. Treasury Secretary Timothy Geithner and Lawrence Summers, the director of the National Economic Council, on reorganization efforts by auto manufacturers and parts makers, Willkie said in a statement. He will leave the firm by the end of March to start his position in Washington, according to Willkie. http://www.autonews.com/apps/pbcs.dl...303139868/1229

03-14-2009, 01:49 AM	#2 (permalink)
Neanderthal Chevrolet VOLT Join Date: Nov 2004 Location: Caveville, Neanderthallande: Have Club, Will Travalle. Drives: '07 Grand Prix GXP; '07 Spectra EX; '01 PT LE. Posts: 10,982	Re: U.S. autos task force to get counsel from bankruptcy lawyer Why would timmy need YET ANOTHER LAWYER???????????????????? He's the only guy on the planet who actually understands all this stuff. __________________ formerly LAMRONH "I never heard a truly wise person call themself wise."--Rush caller, 03JUN09 "I disagree with what you say, but I will defend to the death your right to say it." --Evelyn Beatrice Hall, writing in "The Friends of Voltaire" (1906) “With integrity, nothing else counts. Without integrity, nothing else counts.” --US Sen. Alan Simpson. "Divide and rule, a sound motto. Unite and lead, a better one." --Johann Wolfgang von Goethe

03-14-2009, 10:58 AM	#3 (permalink)
paddyk 1.4 Liter Turbocharged ECOTEC Join Date: Oct 2007 Posts: 94	Re: U.S. autos task force to get counsel from bankruptcy lawyer “We’re pleased that the task force is staffing up,” GM Chief Financial Officer Ray Young said in an interview. “They aren’t just looking at General Motors. They’re looking at the total industry. It shows that they’re taking this assignment very seriously.” http://www.bloomberg.com/apps/news?p...d=awfqBER0uZlU

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