Wednesday, January 19, 2011

AG objects to GM bankruptcy - South Florida Business Journal:

http://www.teachingenglish.org.uk/users/lakosta
“While we hope that in the end, GM will emerge stronget and more resilient,” Cordray said in a “we cannot let big-business bankruptcies in federa l court trample overstate law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiob benefits liability and reconciling the bankruptcg with state law regulating automobile dealerships. GM has notifief 1,323 dealerships that they will not have theire franchiseagreement renewed, including 79 in Ohio. Individua dealerships haven’t been publicly disclosed.
Cordrat also filed a limited objection over the effect it could haveon Ohio’x Lemon Law and tax refunds owed to the state Taxationh Department.

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