Chrysler Creditors Win Right To Sue Daimler Over Sale

Law360, New York (August 13, 2009, 5:39 PM EDT) -- The official committee of unsecured creditors for Chrysler LLC has scored permission to pursue claims against Daimler AG and four former Chrysler directors related to the 2007 sale, much to the chagrin of the automaker's former parent company.

On Thursday, U.S. Bankruptcy Judge Arthur Gonzalez of the Southern District of New York signed off on the creditors' motion to pursue claims, casting aside the objections raised by Daimler and its U.S. affiliates over the proposed suit.

“The creditors committee is granted leave to file a complaint...
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