Saab North America Eyes Ch. 11 In Michigan

Law360, New York (February 8, 2012, 2:50 PM EST) -- Saab Cars North America Inc. wants to pursue Chapter 11 bankruptcy protection in Michigan, fighting an involuntary petition that 41 of its dealers filed in Delaware late last month, the company said Monday.

Royal Oak, Mich.-based SCNA — the North American operating subsidiary of bankrupt Swedish carmarker Saab Automobile AB — asked the Delaware bankruptcy court to transfer the venue of the case to the Eastern District of Michigan, noting that the dealers together hold less than 14 percent of the company's total outstanding debt and...
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