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Tag Archives: Chrysler

Chrysler creditors seek some time to investigate directors

Chrysler LLC shouldn’t provide a legal shield for directors and other parties until at least July 20, when an investigation into potential claims related to Daimler AG will be complete, unsecured creditors said. A committee of unsecured creditors said in ...

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Chrysler says pension funds can’t win appeal

The Indiana pension funds challenging the sale of Chrysler LLC’s assets to a group led by Fiat SpA can’t win, and the deal is better than liquidating the company, Chrysler lawyers said in appeals court documents filed Thursday. A panel ...

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GM’s Main Street bondholders would lose, lawyer says

The loser in a General Motors Corp. bankruptcy would be Main Street, not Wall Street, said a lawyer who represented Chrysler’s dissident lenders and is trying to organize bondholders who hold up to $7 billion in GM’s debt. A separate ...

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Chrysler dealer blames termination on ‘vendetta’

Century Dodge Chrysler Jeep in Wentzville was one of the nation’s 789 Chrysler dealerships to be dropped from the automakers list last Thursday, and the owners are planning to pursue legal action against the automaker for unfairly terminating their franchise.The Mock family say they won’t go down without a fight. Frank Mock, the dealership's president and owner, said this is the result of a "vendetta" Chrysler has with Century. From left are Brian Mock, co-sales manager, Frank Mock, and Kevin Mock, co-sales manager.

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Chrysler asks leave to cancel 789 dealer agreements

Chrysler LLC asked court permission to cancel 789 car dealership agreements, many in the suburbs of major U.S. cities, a step it called critical to its future. The company wants to break contracts with about a quarter of its estimated ...

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Chrysler lawyers reap fees illegally, law professor says

Bankruptcy lawyers who stand to make as much as $372 million in the reorganization of Chrysler LLC will be doing so illegally, according to a California law professor. Attorneys are billing bankrupt companies for about 80 percent of their fees ...

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Chicken producer’s case may impact GM bankruptcy

A ruling by the judge overseeing the reorganization of Pilgrim’s Pride Corp., the world’s largest chicken producer, may make it harder for states and cities to stop General Motors Corp. or Chrysler LLC from closing plants if they end up ...

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