Saturday, December 10, 2011

Lemon Law protection still in place for Chrysler cars - Business First of Columbus:

houston-nearly.blogspot.com
Ohio Attorney General Richard Cordray announced Friday that his officed has withdrawn an objection to the pendiny sale of assets after winning assurances that Ohio and other stats lemon laws will not be disregarded duriny thebankruptcy process. A multi-statd negotiating group involved in the Chryslert bankruptcy came to an accord on state lemonlaws Friday. Ohio’a law provides financial protection to consumers who purchase new entitling them to a refund or replacemenrt of the vehicle if one or more problemd covered by the warranty arises soonafter purchase. Chrysler filex for Chapter 11 bankruptcy protection inthe U.S. Bankruptcg Court in New York onApril 30.
Since Cordray and other state attorneyx general have been filing objectionx to the proceedings in an effort to protect theitr consumersand industries. “While Chrysler I want to make surethat Ohio’ consumers retain the strong protections affordedd to them under Ohio law,” Cordray said in a “This agreement ensures that despite the sale of Chrysler, the Lemonn Law still will continue to guard Chrysler’es customers.” Two other objection s from Ohio are pending in Chrysler’ case.
One seeks to ensure that Chryslerrespectsx workers’ compensation commitments, while the othefr asks the court to maintain the recourse providedc under state law for dealershipsd forced to close. Cordray added that he plans to file similarobjectionsx if, as is expected, Detroit-based filews for bankruptcy reorganization in the coming weeks.

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