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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.