Objections To Chrysler Disclosure Statement Flood In

Law360, New York (January 19, 2010, 1:40 PM EST) -- Objections have continued to pile up in the bankruptcy of Chrysler LLC castoff Old Carco, with the U.S. trustee, the Michigan environmental authority and plaintiffs with millions in claims on the line calling the disclosure statement inadequate.

The U.S. trustee and Michigan Environmental Quality Department both voiced reservations about Old Carco's disclosure statement in objections filed Friday and Thursday in the U.S. Bankruptcy Court for the Southern District of New York.

Also objecting were computer system vendor Electronic Data Systems LLC, which claims it is owed...
To view the full article, register now.