UPDATE 1-GM Bondholders Unite group says new offer "lopsided"


(Adds details, byline) By Walden Siew NEW YORK, May 28 (Reuters) - The latest bond exchange offer from General Motors Corp "sends a chilling message to all individual bondholders," GM Bondholders Unite, a grass-roots organization representing individual GM creditors, said on Thursday. "The 'offer' to individual GM bond investors is ridiculously lopsided because it arbitrarily favors other groups, at the expense of the legal rights, under the U.S. Constitution, of hundreds of thousands ...

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