Elliott International LP and a unit of Fortress Investment Group LLC are among hedge funds that failed to reach an agreement with the trust liquidating General Motors’ old assets over $3 billion in claims related to the automaker’s 2009 bankruptcy filing, according to court papers.
The dispute stems from a settlement made between the hedge funds and a Canadian unit of GM the day of the bankruptcy filing. The trust liquidating the old assets, called Motors Liquidation Co. GUC Trust, seeks to reduce or eliminate the claims that the hedge funds negotiated.
