Automakers’ Bailout and Bankruptcies Shortchanged Accident Victims - ProPublica
As part of their government-brokered bankruptcies, American auto giants Chrysler and General Motors were released of some legal liability for product defects, the Wall Street Journal reported today. As a result, the automakers do not have to pay out damages to car accident victims [1] who had lawsuits pending or had already won damages before the companies filed for bankruptcy.
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