Ally Ordered To Turn Over Saab Loan Docs In Bankruptcy Row

Law360, Wilmington (September 20, 2012, 8:22 PM EDT) -- A Delaware bankruptcy judge on Thursday ordered Ally Financial Inc. to begin handing over documents to Saab Cars North America Inc.’s creditors, who are trying to determine if the lender is paying SCNA its fair share of $16.5 million raised from selling 900 vehicles that were collateral for a loan.

Two weeks ago, SCNA’s official committee of unsecured creditors moved to compel documents pertaining to Ally’s $61 million bankruptcy claim, which stems from SCNA’s guarantee of a loan to its bankrupt Swedish parent — Saab Automobile...
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