Dealers Claim Carco Judge Erred In Nixing Contracts

Law360, New York (April 28, 2010, 12:55 PM EDT) -- Dozens of U.S. automobile dealers are challenging a bankruptcy judge’s refusal to reconsider an order allowing Chrysler LLC castoff Old Carco LLC to reject their executory contracts and unexpired leases, arguing that the judge improperly changed the meaning of certain testimony.

The group of more than 50 dealers filed a brief with the U.S. District Court for the Southern District of New York on Tuesday, claiming the bankruptcy judge changed the testimony of a Fiat executive and cited the altered testimony in support of his June...
To view the full article, register now.