McGuireWoods partner Doug
Foley (Restructuring and Insolvency, Norfolk) was recently quoted on pages
46-48 in the Congressional Research Service, a report prepared for members and
committees of Congress. The report, “U.S. Motor Vehicle Industry: Federal
Financial Assistance Restructuring,” was submitted to Congress in evaluating the
fate of government involvement in the auto industry. It provides a good history
of the nuances of the auto industry and their insolvency.