Davis Polk, Jenner & Block advise on General Motors IPO

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  • I would like to know what GM plans to do about former stock holders whose stock holdings are now worth zilch due to their bankruptcy. The big talk now is opening up so the public can purchase stocks in the new revised GM., but what about us who are holding stocks that are now worthless. Is GM going to make any effort to repay us before opening up to new investors?

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  • What happens to MTLQQ?

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  • Mary, you had equity in a firm that was insolvent. Under normal circumstances it would have gone under. You lose everything. That's the point of equity.

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