GMAC's Claims Mostly Set For Trial In Dealership Spat

Law360, New York (December 8, 2009, 6:07 PM EST) -- A federal judge has preserved for trial a slew of claims in a suit filed by GMAC LLC, which seized $11.8 million in vehicles from a struggling Washington Pontiac dealership and then sued the company for breaching their financing agreement.

In a mixed ruling issued Monday in the U.S. District Court for the Western District of Washington, Judge Robert J. Bryan denied several motions for partial summary judgment filed by GMAC, as well as cross-motions from Hiatt Pontiac GMC Trucks Inc.

GMAC, formerly a subsidiary of...
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.