Chrysler Judge Lifts Stay For Talks In 2 Appeals

Law360, New York (July 23, 2009, 7:25 PM EDT) -- An automatic stay over litigation against the remnants of Chrysler LLC has been partially lifted to allow the company to begin settlement talks with two plaintiffs who won a combined $60 million in damages from DaimlerChrysler Corp. over alleged product defects.

Judge Arthur J. Gonzalez for the U.S. Bankruptcy Court for the Southern District of New York signed orders on Wednesday modifying the automatic stay over Chrysler, now known as Old Carco LLC, permitting Chrysler to begin negotiations to finalize damages awarded by juries to two...
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