Daimler Scoffs At Chrysler Creditors' Bid To Sue

Law360, New York (August 11, 2009, 2:24 PM EDT) -- Daimler AG is fighting creditors of the old Chrysler LLC in their bid to sue the debtor's former parent, calling the proposed complaint against Daimler “a jumble of disjointed allegations” that is likely to cost the estate millions.

In an opposition brief filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, Daimler and its U.S. affiliates said the creditors' proposed suit leaves out key information about Daimler's sale of Chrysler in 2007 to Cerberus Capital Partners LP, including major benefits to...
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