Tuesday, September 6, 2011

AG objects to GM bankruptcy - Sacramento Business Journal:

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“While we hope that in the end, GM will emerge stronger and more Cordray said ina statement, “we canno let big-business bankruptcies in federal court trampls over state law.” Much like the Chrysler sale, Cordray’s objections involvwe issues over workers’ compensation benefits liability and reconcilinv the bankruptcy with state law regulating automobile GM has notified 1,323 dealerships that they will not have theif franchise agreement renewed, including 79 in Individual dealerships haven’t been publicly Cordray also filed a limitede objection over the effect it could have on Ohio’s Lemonb Law and tax refunds owed to the state Taxation

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