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Tag Archives: Chrysler

Sign of recovery?

General Motors Co. said U.S. auto sales in November may run at an annualized rate of 10.8 million vehicles, the third-highest total this year, in a sign of improving industry health. “Things are solidly looking up,” Susan Docherty, GM’s U.S. ...

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Jones Day firm bills Chrysler $20.3 million

Chrysler LLC’s law firm Jones Day won a New York judge’s approval to charge the bankrupt company $20.3 million in fees for the four months through Aug. 31, with about $65,000 more coming from Fiat SpA-run Chrysler Group LLC. Washington, ...

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Chrysler judge approves advisers’ fees after cuts

Chrysler LLC’s bankruptcy judge approved payments of about $48 million to 10 lawyers and advisers as lead counsel Jones Day said it is working to resolve a dispute with the U.S. Treasury over some fees. U.S. Bankruptcy Judge Arthur Gonzalez ...

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PI firms see auto defect cases bloom again

Missouri lawyers’ auto defect cases are coming back now that Chrysler and GM have agreed to take on liability. GM has taken over the defense in four of five of plaintiffs’ attorney Bob Langdon’s cases filed before GM’s bankruptcy. The ...

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Chrysler judge allows creditors to sue Daimler over transfers

Chrysler LLC creditors won permission to sue Daimler AG over $9 billion in transfers, saying law firm Susman Godfrey LLP will take the case on contingency after the U.S. Treasury said they can’t use the estate’s assets to fund it. ...

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Appeals court says Chrysler was a ‘melting ice cube’

Chrysler was a “melting ice cube” with no alternative to a sale to Italy’s Fiat, a U.S. appeals court said in explaining why it allowed the deal to proceed. The sale was legal under the U.S. bankruptcy code, a three-judge ...

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Law firms hurt by auto bankruptcies

Robert Palmer’s clients reacted in different ways when he broke the bad news that Chrysler’s and GM’s bankruptcies might wipe out their cases. The police officer whose arm was shattered when an airbag went off had seen it coming. Others ...

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New GM emerges from remains of bankrupt automaker

General Motors Co., a new company majority-owned by the U.S. government, emerged from the remains of bankrupt General Motors Corp. by taking over the best assets of the biggest U.S. automaker. GM now consists of four U.S. brands, has about ...

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