Mexican Media Brands
Court Asked to Open Treasury’s GM Bailout Records
A lawsuit filed in Washington, D.C., by the Center for Auto Safety argues that the U.S. Dept. of Treasury's role in protecting General Motors Co. from post-bailout lawsuits should be made public.
#legal
Share
A lawsuit filed in Washington, D.C., by the Center for Auto Safety argues that the U.S. Dept. of Treasury's role in protecting General Motors Co. from post-bailout lawsuits should be made public.
Bloomberg News says the advocacy group seeks documents showing that Treasury representatives may have counseled GM to abandon most of its prior product liabilities as it emerged from bankruptcy in 2009. The center is investigating GM's recall of 2.6 faulty ignition switches linked to 45 fatalities.
The Treasury Dept. has asked the federal court judge to reject the center's lawsuit. The department argues that the information can't be revealed under the Freedom of Information Act because it might thwart negotiations for a similar bailout of another company in the future.
RELATED CONTENT
-
U.S. Lawsuit Says Bosch Conspired with VW on Cheater Diesels
A U.S. lawsuit claims Robert Bosch GmbH conspired with Volkswagen AG to equip diesel-powered vehicles with software to cheat emission tests.
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.