US Declines To Join FCA Suit Over Chrysler, Fiat Deal

Law360, New York (December 19, 2012, 5:48 PM ET) -- Federal prosecutors declined Wednesday to intervene in a False Claims Act suit brought by a former Chrysler Group LLC executive accusing the carmaker of fraudulently decreasing the U.S. government's ownership interest in the company through a shady deal with part-owner Fiat SpA

U.S. Magistrate Judge Laurie J. Michelson ordered the unsealing of a complaint brought by former Chrysler of Venezuela Chief Financial Officer Elias Awad alleging Chrysler illegally sold its Colombian subsidiary as part of a deal to drive up Fiat's ownership interest in Chrysler. The...
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