This is a video “discussing whether the Obama administration has intervened too much in business affairs, with Thomas Lauria, White & Case attorney and CNBC’s Michelle Caruso-Cabrera.” As GM has similar circumstances, the case is still very relevant.
Note: I think Lauria forgets that the U.S. government had poured billions into the carmakers and that his clients would have gotten considerably less in a liquidation if not for that fact. With that editorial comment, here he is on CNBC arguing his case.