Chrysler Bankruptcy Could Shut Down Injury Lawsuits
Lisa Parker, Robin Green (NBC Chicago)
Injury claims frozen by Chrysler’s bankruptcy filing may be forever dismissed if the proposal is approved. The fact that current lawsuits may be dismissed is not unusual, bankruptcy experts say: Plaintiffs are not secured creditors and the point is to save the company. But so much about this case is unprecedented – the first major car maker in modern times to go bust, with so many of its products still in use and the federal government intricately involved in its re-structuring.