Wednesday, September 8, 2010

Koster balks at GM reorganization agreement - Atlanta Business Chronicle:

http://www.fluint.net/authors/author-975.html
Koster said GM’s bankruptcy agreement will not extend producyt liability requirements for the company thattakes GM’s place. That meand customers who bought GM cars beforse the bankruptcy settlement lose protections under lemon laws and product liability requirements, Koster said. Koster also objected to provisionzs that allow a reorganized GM to alter dealership contracts with no sayfrom “The current agreement is terribly unfair to thesr dealership owners, many of whom have been loyal GM dealersz for decades and have invested their life savings in thesre family businesses,” Koster said in a Monday “It is unconscionable to force a dealership to waive its rightas under Missouri law simply because GM has floundered.
” Severalo other attorneys general from other including Kansas, have raised simila r objections.

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