Three Class Actions Against GMAC, GM Dismissed

Law360, New York (March 14, 2007, 12:00 AM EDT) -- A court has dismissed three consolidated class action lawsuits filed against General Motors Corp. affiliated financial services company GMAC LLC, the company said on Monday.

GMAC said in its SEC 10K filing on Monday that the U.S. District Court for the Eastern District of Michigan had issued an opinion granting its motion to dismiss the three complaints.

GMAC is a resource for vehicle financing, mortgage lending, real estate services, auto and homeowner insurance, banking and investing.

All three complaints charged GMAC’s parent with misleading investors with...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.