Chrysler Group LLC will accept liability for injuries or deaths occurring after its June 10th exit from bankruptcy that were caused by faulty vehicles produced before that date. But all of those who filed personal injury or wrongful death suits arising from accidents occurring before Chrysler’s bankruptcy can only pursue those claims against the assets of Old Chrysler, which remain in bankruptcy court, and those assets will have little value. That makes the effect of the announcement by New Chrysler – while welcome – rather limited.
The federal government must correct this situation for the pre-bankruptcy victims of Old Chrysler, and there are lots of them. The American people will not tolerate Congress allowing hundreds of millions of dollars to be paid to officials of big banks as bonuses using taxpayers’ dollars while ignoring the sad plight of Chrysler’s long list of victims.
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