Saab Unit's Ch. 11 Parked In Delaware, Despite Transfer Bid

Law360, Wilmington (February 24, 2012, 9:51 PM EST) -- A Delaware bankruptcy judge on Friday refused to transfer Saab Cars North America Inc.'s Chapter 11 case to Michigan, siding with 48 affiliated dealers that pushed an involuntary petition on the company.

Royal Oak, Mich.-based SCNA — the North American operating subsidiary of bankrupt Swedish carmarker Saab Automobile AB — had asked the court to transfer the venue of the case to the Eastern District of Michigan, noting that the dealers together hold less than 14 percent of the company's total outstanding debt and that none...
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