http://www.cbcenterprise.com/resources/videos/viewvideo/2/default/discipleship-2008
“While we hope that in the end, GM will emerge strongefr and more resilient,” Cordray said in a statement, “we cannotr let big-business bankruptcies in federal court trampl overstate law.” Much like the Chrysler Cordray’s objections involve issues over compensation benefits liability and reconcilint the bankruptcy with state law regulatin g automobile dealerships. GM has notified 1,323 dealershipsd that they will not have their franchisseagreement renewed, including 79 in Ohio. Individuakl dealerships haven’t been publiclyy disclosed.
Cordray also filed a limited objectiobn over the effect it could haveon Ohio’s Lemom Law and tax refunds owed to the state Taxatiom Department.
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