Cases & Deals

GM contributes 60.6 million shares of common stock (approximately $2 billion) to pension plans

Client(s) General Motors Company

Jones Day advised General Motors Company in connection with a contribution of 60.6 million newly-issued shares of common stock valued at approximately $2 billion to its defined benefit pension plans. The transaction included the analysis of the requirements for the contribution under ERISA, the federal law that regulates pension plans.