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Chrysler creditors can sue Daimler

by David Zatz on

Judge Arthur Gonzalez has given Chrysler’s unsecured creditors permission to sue Daimler AG, with the claim that Daimler took away Chrysler’s most valuable assets before selling it to Cerberus Capital Management. The group is seeking over $3 billion in debt.

The details of the suit have not been released. However, it appears that the Treasury could also participate if the claim is upheld.

The suit must be filed by Tuesday if it is to proceed.

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