Tuesday, October 18, 2011

AG objects to GM bankruptcy - Business First of Buffalo:

callahamirykaan1884.blogspot.com
“While we hope that in the end, GM will emerge strongerd and more resilient,” Cordray said in a “we cannot let big-business bankruptcies in federal court trample overstatew law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatio benefits liability and reconciling the bankruptcy with state law regulatinyg automobile dealerships. GM has notified 1,323 dealerships that they will not have their franchiseagreement renewed, including 79 in Ohio. Individuapl dealerships haven’t been publicly disclosed.
Cordray also filesd a limited objection over the effect it could haveon Ohio’s Lemon Law and tax refunds owed to the stat e Taxation Department.

No comments:

Post a Comment