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Proposed settlement may net $25 million for environmental cleanup

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The proposed settlement filed today in the bankruptcy case involving former General Motors sites could provide nearly $25 million for cleanup of eight Indiana sites with ties to the automaker.

Indiana and 13 other states, along with the U.S. Environmental Protection Agency, filed the proposed settlement of the bankruptcy case with Motors Liquidation Corporation, which used to be called General Motors. When the company filed for Chapter 11 reorganization last year, a new entity – General Motors LLC – was created and purchased many of GM’s auto-making facilities and the name “General Motors.” The old GM was renamed in the process and agreed to use bankruptcy proceedings to remediate or liquidate 89 remaining MLC-owned manufacturing sites that weren’t purchased by the new GM.

The settlement totals nearly $773 million and includes provisions so that the states can oversee and monitor environmental cleanup of the sites by the court-appointed trustee and redevelopment managers, and implement any changes if needed. Cleanup will allow for redevelopment of the old sites for future manufacturers or businesses.

The Indiana sites are in Anderson, Indianapolis, Kokomo, and Muncie.

Now there will be a 3-day public comment period after which the court can accept the agreement. The suit is in U.S. Bankruptcy Court for the Southern District of New York.   
 

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  2. Been there 4 months with 1 paycheck what can i do

  3. our hoa has not communicated any thing that takes place in their "executive meetings" not executive session. They make decisions in these meetings, do not have an agenda, do not notify association memebers and do not keep general meetings minutes. They do not communicate info of any kind to the member, except annual meeting, nobody attends or votes because they think the board is self serving. They keep a deposit fee from club house rental for inspection after someone uses it, there is no inspection I know becausee I rented it, they did not disclose to members that board memebers would be keeping this money, I know it is only 10 dollars but still it is not their money, they hire from within the board for paid positions, no advertising and no request for bids from anyone else, I atteended last annual meeting, went into executive session to elect officers in that session the president brought up the motion to give the secretary a raise of course they all agreed they hired her in, then the minutes stated that a diffeerent board member motioned to give this raise. This board is very clickish and has done things anyway they pleased for over 5 years, what recourse to members have to make changes in the boards conduct

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  5. For the record no one could answer the equal protection / substantive due process challenge I issued in the first post below. The lawless and accountable only to power bureaucrats never did either. All who interface with the Indiana law examiners or JLAP be warned.

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