Parties Bridle At Altering $24M Chrysler Settlement

Law360, New York (October 22, 2009, 2:21 PM EDT) -- Old Carco LLC — Chrysler LLC's castoff — and Safeco Insurance Co. of America are trying to prevent plaintiffs from amending a $24 million settlement the parties entered in September to resolve a wrongful death suit.

On Wednesday, Carco urged Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York to refuse the plaintiffs' request to revise the settlement structure, contending the amendment could open a Pandora’s box and possibly undermine the release and discharge granted to the bankrupt car...
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