The Traderszone Network

Published in TZ Latest News 6 November, 2014 by The TZ Newswire Staff

Turnover on NY bankruptcy court brings heightened uncertainty

The stable of judges on Manhattan’s federal bankruptcy court is undergoing dramatic turnover that could bring more uncertainty to one of the go-to venues for rescuing companies on the brink of financial ruin. In January, Robert Gerber, the judge overseeing litigation stemming from the General Motors’ ignition-switch recall debacle, will assume “recall” status, allowing court administrators to hire a new judge, people familiar with the matter told Reuters.

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