Judge Greenlights $24M Chrysler Wrongful Death Deal

Law360, New York (September 24, 2009, 6:44 PM EDT) -- The judge overseeing the Chapter 11 proceedings of Old Carco LLC — formerly known as Chrysler LLC — approved a $24 million settlement deal involving Old Carco, Safeco Insurance Co. of America and plaintiffs who won a $55 million verdict in a case over a death they said was caused by a defective Dodge truck.

Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York signed off on a stipulation and agreement order between Safeco, the plaintiffs, Old Carco and...
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