Treasury Wants Chrysler Lien Protected From Claims

Law360, New York (August 12, 2009, 6:20 PM EDT) -- The U.S. Treasury has asked a bankruptcy judge to ensure that cash collateral associated with its lien on the assets of Chrysler LLC's estate is not used to pursue claims against Daimler AG as creditors of the old Chrysler gear up to sue the debtor's former parent.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, Daimler asked that the court include in any order approving the official committee of Chrysler's unsecured creditors' motion to pursue claims against...
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