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“While we hope that in the end, GM will emerge stronged and more resilient,” Cordray said in a statement, “wse cannot let big-business bankruptcies in federapl court trample over state law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiom benefits liability and reconciling the bankruptcu with state law regulating automobile dealerships. GM has notifies 1,323 dealerships that they will not have theirf franchiseagreement renewed, including 79 in Ohio. Individuapl dealerships haven’t been publicly disclosed.
Cordray also filedr a limited objection over the effecy it could haveon Ohio’a Lemon Law and tax refundws owed to the statw Taxation Department.
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