No. ____ In the Supreme Court of the United States ________________ GENERAL MOTORS LLC, Petitioner, v. CELESTINE ELLIOTT, et al., Respondents. ________________ On Petition for Writ of Certiorari to the United States Court of Appeals for the Second Circuit ________________ PETITION FOR WRIT OF CERTIORARI ________________ ARTHUR J. STEINBERG PAUL D. CLEMENT SCOTT DAVIDSON Counsel of Record KING & SPALDING LLP ERIN E. MURPHY 1185 Avenue of the MICHAEL D. LIEBERMAN Americas MATTHEW D. ROWEN New York, NY 10036 KIRKLAND & ELLIS LLP 655 Fifteenth Street, NW RICHARD C. GODFREY Washington, DC 20005 ANDREW B. BLOOMER (202) 879-5000 KIRKLAND & ELLIS LLP
[email protected] 300 North LaSalle Chicago, IL 60654 Counsel for Petitioner (Additional Counsel Listed on Inside Cover) December 13, 2016 MERRITT E. MCALISTER EDWARD L. RIPLEY KING & SPALDING LLP KING & SPALDING LLP 1180 Peachtree Street, NE 1100 Louisiana Atlanta, GA 30309 Suite 4000 Houston, TX 77002 QUESTIONS PRESENTED In 2008, during the Great Recession, General Motors Corporation (Old GM) was insolvent and nearing collapse. The only viable way to avert the demise of the domestic auto industry was for the government to form a new corporate entity and purchase Old GM’s assets in a sale under Section 363 of the Bankruptcy Code. As authorized by Section 363(f), the Sale Order provided that the government- owned entity obtained Old GM’s assets “free and clear” of Old GM’s liabilities (other than those expressly assumed). Years after the sale closed, groups of plaintiffs sued the good-faith purchaser of Old GM’s assets, seeking to impose successor liability for Old GM’s alleged pre-sale wrongdoing.