General Motors Co. again faces the prospect of a potential $1 billion stock payout to address claims stemming from the auto giant’s ignition-switch crisis after a trust for the company’s bankruptcy estate renewed discussions with plaintiffs about a settlement. The trust, tasked with compensating creditors of the “old GM,” is discussing a possible deal that previously fell apart, lawyers said during a Thursday hearing in a Manhattan federal bankruptcy court. Old GM is the term often used to describe the assets GM left behind...

Source: Wall Street Journal March 08, 2018 22:15 UTC