Chrysler To Pay $22.6M To End Dodge Crash Suit

By Leigh Kamping-Carder (September 11, 2009, 12:42 PM EDT) -- Chrysler LLC and two insurers have agreed to pay $22.6 million to Gilbert Mohr — who was awarded more than $18 million over the death of his wife and mother-in-law in a Dodge Caravan wreck resulting from an alleged design defect — rather than wait for Tennessee's high court to determine whether it will hear an appeal.

Mohr, Chrysler, the automaker's official committee of unsecured creditors and two insurers that posted bonds covering judgment received court approval for the proposal Thursday in the U.S. Bankruptcy Court for the Southern District of New York.

Mohr will have a general unsecured nonpriority claim...

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