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Law firms in Washington that answered the Pension Benefit Guaranty Corp.’s call in late March for legal counsel in its negotiations with General Motors Corp. are still waiting to hear back two months later. The government agency is preparing for what is expected to become a heated political debate on the ramifications of GM’s likely sale of its financing unit, General Motors Acceptance Corp. Though the agency is staying mum on which firms bid on the lucrative contract, likely suspects include Steptoe & Johnson; Kelley Drye & Warren, which already represents the PBGC in its actions against Delphi Corp.; and WilmerHale, which represents the agency against Northwest Airlines.
Anna Palmer can be contacted at [email protected].

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