GM, Chrysler Dealers Seek $1B For Scuttled Franchise Deals

Law360 (April 5, 2019, 8:45 PM EDT) -- A group of former GM and Chrysler auto dealers will make their case Monday in the Court of Federal Claims that the U.S. government owes them $1 billion for allegedly forcing GM to reject their franchise agreements as a condition of the auto giants' Chapter 11 bailout in 2009.

Former GM and Chrysler dealers are seeking $1 billion for their lost businesses. (AP) In the trial scheduled to begin Monday, the approximately 300 former dealers will claim the government took their businesses without compensation by forcing the car companies to shed more than 2,200 dealerships as a condition of financial assistance....

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