Kirk Hartley
Spring 2014 Quarterly Report from GM’s Non-asbestos Trust (the GUC Trust)
The GM non-asbestos trust (GUC) may end up as the only place for switch claimants to seek a recovery. The most recent quarterly report from the Trust was posted online by LAW360 as part of a substantive article evaluating the statement (subscription fee for article). The bottom line is that the trust’s assets primarily are shares of GM stock with a current value of about $1 billion.