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LA Appeals Court Refuses GM's Request to Take Over Jurisdiction In Administration of Fuel Tank Class Action

    BATON ROUGE, La., April 26 General Motors was
dealt a significant blow today when an appeals court in Louisiana refused to
hear GM's request to take over jurisdiction of pending disputes in the
administration of the class action settlement involving 5.8 million GM pickup
trucks with sidesaddle fuel tanks.
    "This is a serious setback for GM in its relentless effort to renege on
its settlement agreement," said Don Barrett of The Barrett Law Firm in
Lexington, Mississippi and Nashville, Tennessee, lead class counsel.  "GM has
been totally thwarted and will be forced to honor the certificates."
    Instead, the appeals court ruled that the matter remain with the
18th district court in Plaquemine which will hold a hearing on the
settlement's administration tomorrow (Friday, April 27 at 1 p.m. CDT).
    The administrative dispute involves the question of transferability and
whether or not class counsel can act on behalf of the class members and take
possession of the certificates and sell them on their behalf, thereby creating
a secondary market as contemplated in the circuit court's decision last
November.  The matter also involves Certificate Redemption Group of Houston,
which is offering to purchase certificates to create a secondary market.

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