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Lemon Law Claims Survive Chrysler BankruptcyChrysler's recent bankruptcy in 2009 impacted those who wanted to pursue Lemon Law claims against the organization. The Law Offices of Vince P. Megna in Milwaukee, Wisconsin was formed to provide dedicated representation for individuals facing off against powerful corporate interests. Lawyer Vince Megna, a nationally recognized authority on Lemon Law, will personally handle your case.For a free consultation to discuss your claim, call 414-326-4979 or 866-415-5919 or contact us online today. On April 30, 2009, one time automotive giant, Chrysler LLC filed a voluntary petition for Chapter 11 bankruptcy protection. Chrysler’s filing, with 39.3 billion in assets, is the seventh-largest bankruptcy in U. S. History. At the time of filing, there were some 1,350 consumer lawsuits pending nationwide against Chrysler for violations of so called Federal and State “Lemon Laws.” The filing of bankruptcy, along with the automatic stay imposed by the Bankruptcy Code, brought these “Lemon Law” claims to a screeching halt. Consumers could take no further action of any kind against Chrysler. Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";} In general, Lemon Laws give rights and remedies to consumers with problematic vehicles. They require manufacturers, or manufacturers’ authorized dealers, to repair defective vehicles within a reasonable time. If repairs are not made within a reasonable time, then Lemon Laws require the manufacturer to replace the vehicle, refund the purchase price, or pay damages to the consumer. Most Lemon Laws also require the manufacture to pay the consumer’s attorney fees. As part of the Chrysler reorganization plan, a proposal to sell the majority of its assets to Italian Auto Manufacturer, Fiat, and then join Fiat in forming a new, stronger, more efficient Chrysler Company was submitted to the Court. Objections, motions and arguments were heard. On June 1, 2009, the Bankruptcy Court entered an Order approving and authorizing the Fiat Transaction. As a result, a “New Chrysler” automotive manufacturer was born. According to documents filed with the Court on June 30, 2009, the “New Chrysler” agreed to assume certain liabilities of the bankrupt Chrysler. These liabilities include pending and future Lemon Law claims. This means that the 1,350 consumers, who were stopped from pursuing their lawsuits because of the bankruptcy, are now able to resume litigation in courtrooms across America. Through a process outlined in court
documents, the “New Chrysler” will assume the liability of bankrupt Chrysler
and be substituted as the defendant in pending Lemon Law litigation. Future
Lemon Law claims will be brought directly against the “New Chrysler.” Consumers
will have the same rights and remedies against the “New Chrysler” as they had
prior to the Chapter 11 filing. The Bankruptcy Court is expected to approve and
order the “New Chrysler” assumption of “Lemon Law” liability as early as July
16 Article Tags: False False , “new Chrysler” Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORThe law office of Aiken and Scoptur, S.C. Milwaukee Wisconsin litigation attorneys is distinguished by a history of successful personal injury recoveries, by settlement and verdict, in medical malpractice, car and truck accident claims and nursing home neglect litigation. Contact an experienced attorney for a free consultation at 414-326-4979 or visit our web site at http://plaintiffslaw.com/
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