Wednesday, August 24, 2011

Koster balks at GM reorganization agreement - Triangle Business Journal:

adavuxuf.wordpress.com
Koster said GM’s bankruptcy agreement will not extend producft liability requirements for the company thattakes GM’s place. That means customers who boughft GM cars before the bankruptcy settlement lose protectionw under lemon laws and product liability Koster said. Koster also objected to provisiond that allow a reorganized GM to altef dealership contracts with no sayfrom “The current agreement is terribly unfaire to these dealership owners, many of whom have been loyak GM dealers for decades and have investedr their life savings in these family Koster said in a Mondag release.
“It is unconscionable to force a dealershi p to waive its rights underd Missouri law simply because GM has Several other attorneys general fromother states, includingb Kansas, have raised similar objections.

No comments:

Post a Comment