Lear Says Bankruptcy Kills Car Parts Price-Fixing Suit

Law360, New York (October 16, 2012, 6:33 PM EDT) -- Reorganized car parts maker Lear Corp. on Tuesday asked a federal judge to stop a class action over price-fixing that allegedly began before its exit from bankruptcy, arguing the bankruptcy immunizes it from liability.

A company's discharge from bankruptcy clearly stops creditors, like antitrust plaintiffs, from going after money related to the company's earlier actions, a lawyer for Lear argued before U.S. District Judge Katherine Forrest at a hearing in New York City.

“The discharge extinguishes the debt, and creditors may not attempt to avoid that,”...
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