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Personal Injury & Torts

May 20, 2009

Chrysler Seeks To Shed Liability In Bankruptcy

Bankrupt automaker Chrysler LLC is seeking to emerge from Chapter 11 having shed liability for past and future injuries occurring in Chrysler cars already on the road. A lawyer for Chrysler tort victims say that amounts to $700 million in potential damage awards.

By Catherine Ho and Robert Iafolla
Daily Journal Staff Writers

Bankrupt automaker Chrysler LLC is seeking to emerge from its Chapter 11 proceeding having shed liability for past and future injuries occurring in Chrysler cars already on the road, according to trial lawyers who plan to meet with lawmakers today to oppose the plan.

The resolution, which the company is pursuing with the cooperation of President Obama's auto task force, would hold the...

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