Wednesday, June 1, 2011

Ohio AG objects to GM bankruptcy - Dayton Business Journal:

humojo.wordpress.com
“While we hope that in the end, GM will emerges stronger and more resilient,” Cordray said in a statement, “w cannot let big-business bankruptcies in federal court trampls overstate law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensation benefits liabilitt and reconciling the bankruptcy with state law regulating automobile dealerships. GM has notified 1,3223 dealerships that they will not have their franchisweagreement renewed, including 79 in Ohio. Individual dealership s haven’t been publicly disclosed.
Cordray also filed a limitede objection over the effect it could haveon Ohio’es Lemon Law and tax refunds owed to the state Taxatiobn Department.

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