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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.