Exhibit 99.1
Kristin K. Going 212-248-3273 Direct 212-248-3141 Fax Kristin.Going@dbr.com |
Law Offices
1177 Avenue of the Americas
41st Floor
New York, NY
10036-2714
212-248-3140 212-248-3141 fax www.drinkerbiddle.com
CALIFORNIA
DELAWARE
ILLINOIS
NEW JERSEY
NEW YORK
PENNSYLVANIA
TEXAS
WASHINGTON D.C.
Established 1849
|
April 25, 2018
VIA ELECTRONIC COURT FILING ANDE-MAIL
The Honorable Martin Glenn
United States Bankruptcy Judge
United States Bankruptcy Court
Southern District of New York
Alexander Hamilton Custom House
One Bowling Green
New York, New York 10004
Re: | In re Motors Liquidation Company, CaseNo. 09-50026 (MG) |
Dear Judge Glenn:
I write on behalf of Wilmington Trust Company, solely in its capacity as trust administrator and trustee (the “Trust Administrator”) of the Motors Liquidation Company GUC Trust (the “GUC Trust”). Pursuant to this Court’s Order of March 27, 2018, we are pleased to report that today the GUC Trust executed a settlement agreement with the Ignition Switch Plaintiffs, certainNon-Ignition Switch Plaintiffs (collectively, the “Economic Loss Plaintiffs”) and certain of the Ignition SwitchPre-Closing Accident Plaintiffs. The GUC Trust, the Economic Loss Plaintiffs and the Ignition SwitchPre-Closing Accident Plaintiffs are currently working to finalize motion papers and ancillary documents necessary to seek approval of the settlement from this Court and to implement the terms of the Settlement. We anticipate filing the necessary motions on or before May 1, 2018.
We are available at the Court’s convenience should Your Honor wish to discuss this matter.
KKG/TYL | Respectfully Submitted,
/S/ Kristin K. Going Kristin K. Going Drinker Biddle & Reath LLP 1177 Avenue of the Americas, 41st Floor New York, NY 10036 Kristin.going@dbr.com |