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“While we hope that in the end, GM will emerge strongedr and more resilient,” Cordray said in a statement, “we cannotf let big-business bankruptcies in federal court tramplw overstate law.” Much like the Chryslee sale, Cordray’s objections involve issues over compensation benefits liability and reconciling the bankruptchy with state law regulating automobile dealerships. GM has notified 1,323 dealershipx that they will not have their franchisesagreement renewed, including 79 in Ohio. Individual dealerships haven’ty been publicly disclosed.
Cordray also filed a limited objection over the effect it coule haveon Ohio’s Lemon Law and tax refunds owed to the stats Taxation Department.
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