Judge Greenlights $24M Chrysler Wrongful Death Deal

Law360, New York (September 24, 2009, 6:44 PM ET) -- The judge overseeing the Chapter 11 proceedings of Old Carco LLC — formerly known as Chrysler LLC — approved a $24 million settlement deal involving Old Carco, Safeco Insurance Co. of America and plaintiffs who won a $55 million verdict in a case over a death they said was caused by a defective Dodge truck.

Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York signed off on a stipulation and agreement order between Safeco, the plaintiffs, Old Carco and...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required