Three Class Actions Against GMAC, GM Dismissed

Law360, New York (March 14, 2007, 12:00 AM EDT) -- A court has dismissed three consolidated class action lawsuits filed against General Motors Corp. affiliated financial services company GMAC LLC, the company said on Monday.

GMAC said in its SEC 10K filing on Monday that the U.S. District Court for the Eastern District of Michigan had issued an opinion granting its motion to dismiss the three complaints.

GMAC is a resource for vehicle financing, mortgage lending, real estate services, auto and homeowner insurance, banking and investing.

All three complaints charged GMAC’s parent with misleading investors with...
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