Posted on May 13th, 2009 • by Bill Cawthon
Retired salaried Chrysler employees and franchised dealers are hiring attorneys to protect their interests. The retirees, who have banded together as the National Chrysler Retirement Organizaion (NCRO) have hired Stahl Cowen Crowley Addis of Chicago to help in their struggle to keep their health benefits. More than 19,000 former employees, along with their spouses and [...]
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Posted on May 12th, 2009 • by Bill Cawthon
Lawyers for Jones Day, the firm representing Chrysler in its bankruptcy case, and financial advisors Capstone Advisory Group have asked a judge to give their fees “superpriority” when determining the order of payment. In support of their petition, the two firms said they would be extending significant amounts of credit to Chrysler because of their [...]
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Posted on February 26th, 2009 • by David Zatz
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has [...]
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retiree benefits,
retirees,
stock,
Takeover.
