Battle Lines Form Over Chrysler Dealer Closures

Law360, New York (May 15, 2009, 12:00 AM EDT) -- The potential legal fallout from Chrysler LLC's announcement that it is dropping nearly 800 auto dealers is likely to spread far and wide, as many long-time dealers struggle to grasp the news that they could be forced to close up shop in a matter of weeks, according to experts.

Chrysler filed a motion Thursday with the U.S. Bankruptcy Court for the Southern District of New York, seeking to reject 789 dealer agreements. Subject to bankruptcy court approval, those 789 dealers, which represent about 14 percent of...
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