Washington, D.C., partner Donald Workman was quoted in the July 10 Wall Street Journal article, "GM Set to Exit Bankruptcy."
According to the article, the new General Motors Co. is imminently poised to exit Chapter 11 protection, and to emerge as a leaner, more focused company after only 40 days in bankruptcy court. The transformation was the result of a bankruptcy stay whose brevity caught nearly all observers by surprise. The Obama administration had said GM's trip through court could take as long as 90 days, according to the article.
"Unprecedented, unbelievable, breathtaking—all the adjectives apply to this case," said Workman. "There's simply no precedent for the speed with which the government got this through court."