- The CEOs of General Motors (GM -0.5%) and Fiat Chrysler Automobiles (FCAU +5.7%) were ordered by a judge to meet face to face next week to try and resolve the ongoing bribery lawsuit filed by GM.
- U.S. District Judge Paul Borman called the litigation a waste of time and resources, labelling it a nuclear option.
- Borman wants GM's Mary Barra and Fiat's Mike Manley to talk in person on July 1, with social-distancing measures in place.
- In a statement, GM indicated that it doesn't plan to back down.