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Old 09-29-2015, 11:05 AM   #123
57years
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Join Date: Sep 2009
Posts: 554
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"...but I wonder if the GM OLDCO Dealers who signed the Wind Down Agreement could ever be included in the lawsuit against the Treasury arguing that they were forced to give up their rights to sue and GM had the power to dictate the terms of any agreement they ultimately signed. "

No, they did have a choice...sign and get wind down cash, do not sign and get what the Chrysler dealers did....

There was no coercion by GM...yes, or no...one choice. That is why the dealers who did not sign were so few, only those who were offered miniscule wind down funds even thought of not signing, i.e.., those who carried no debt to banks on their books or personal assets, and those who simultaneously, had little rent factor shown on the books, so the wind down was nothing but a slap in the face!
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