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U.S. Bankruptcy Judge Urges Settlement On GM Ignition Defects

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May 02, 2014 AT 10:20 AM
A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch. Judge Robert Gerber, of the U.S. Bankruptcy Court in Manhattan, said he would welcome the prospect of a resolution that avoided a "monstrous battle."