Liquidating GM Entity Receives Reporting Relief

The corporate entity formerly known as GM has been granted relief from its Exchange Act reporting requirements on Forms 10-K and 10-Q. During the pendency of its reorganization, the company, described as "Old GM" in the request and staff reply, must file any financial reports required to be filed with the bankruptcy court and make disclosures regarding material events relating to the liquidation under cover of Form 8-K.

Old GM must also continue to satisfy all other provisions of the Exchange Act, including filing the current reports required by Form 8-K. This requirement does not include, however, the financial information required by Item 9.01 of each Form 8-K that is filed upon a purchase or sale of assets by Old GM.

The letter also details the filing obligations of the new operating company, referred to as "New GM," after completion of its acquisition of the specified GM assets.

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