As part of the U S government initiated and supervised bankruptcy reorganization
As part of the U.S. government-initiated and supervised bankruptcy reorganization of Chrysler Corp., almost 800 Chrysler dealerships were terminated. Many of those dealers felt that the forced closings by Chrysler of their businesses was grossly unfair and wanted to contest the closing either through arbitration or the courts. They could not do so, however, because the bankruptcy specifically prohibited arbitration or awsuits against Chrysler. Indeed, one of the key reasons for pursuing the bankruptcy option was to gain protection from pushback from dealer lawsuits or arbitration actions. But the dealers
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help