Chrysler Dealers Can't Tie Feds, Auto Bailout To $1B In Losses
Law360 (October 3, 2019, 9:44 PM EDT) -- Hundreds of Chrysler dealers who were devastated when the troubled carmaker tore up their franchise agreements during its bailout can't force the government to fork over $1 billion in compensation, the Court of Federal Claims has ruled, saying Chrysler entered the deal voluntarily and had no other options.
The nearly decade-old suit brought by 300 or so ex-Chrysler dealers claims the government strong-armed the troubled auto giant into ripping up almost 800 dealership agreements to cut costs during its massive bailout plan to save the teetering U.S. auto industry during the Great Recession.
But in a 186-page opinion filed Wednesday, Senior...
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