Tuesday, May 19, 2009

Dealers Object to Chrysler's Section 363 Sale Motion

Chrysler dealers that were designated for rejection in Chrysler's May 14 motion have wasted no time intervening in the bankruptcy proceeding. Although objections to Chrysler's Rejection Motion are not due until May 26, several groups of dealers filed their objections on May 19 to Chrysler's earlier Section 363 Sale Motion, which is set for a hearing on May 27. Dealer opposition is led by the Ohio-based firm of Squire Sanders & Dempsey LLP, representing the "Committee of Chrysler Affected Dealers." Squires Sanders was retained under the auspices of the National Automobile Dealers Association and the Chrysler National Dealers Council to represent the collective interests of those dealers designated for rejection in Chrysler's May 14 Rejection Motion. As of May 19, the Committee of Chrysler Affected Dealers is comprised of 284 dealers designated for rejection in the Rejection Motion. Here is a link to the Objection filed by Squire Sanders.

Attorneys for smaller groups of dealers and individual dealers also filed objections to the Section 363 Sale Motion (including, in the interest of full disclosure, Robinson Brog Leinwand Greene Genovese & Gluck, P.C.). Here is a link to the Objection Filed by Robinson Brog and its co-counsel Myers & Fuller P.A. Here is link to another notable objection filed by the firm of Bellavia Gentile & Associates and its special counsel, Siller Wilk LLP.

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