Law360, Wilmington (September 11, 2012, 8:50 PM ET) -- Ally Financial Inc. on Tuesday blasted a demand from Saab Cars North America Inc. creditors for information on the lender's $61 million claim in SCNA's Delaware bankruptcy, saying the discovery bid amounts to harassment.
Last week, the official committee of unsecured creditors in the case moved to compel documents pertaining to Ally’s claim, which stems from SCNA’s guarantee of a loan to its bankrupt Swedish parent — Saab Automobile AB. The committee suspects Ally could be sitting on as much as $10 million due to creditors...
Ally Rips Saab Creditors' Discovery Bid As 'Harassment'
To view the full article, take a free trial now.
