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Chrysler Says Parts Supplier Holding Tools Hostage

Law360 (June 5, 2009, 12:00 AM EDT) -- Smarting from Chrysler LLC's decision to terminate a supply contract, Logghe Stamping Co. has refused to turn over parts manufacturing tools in a bid to force Chrysler to negotiate a new deal, the bankrupt automaker alleges.

The automaker filed an adversary suit Thursday against Logghe in the U.S. Bankruptcy Court for the Southern District of New York, seeking compensatory and punitive damages for Logghe's “intentional violation of the automatic stay,” as well as an order compelling Logghe to turn over the tools and injunctive relief....
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