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Old 11-11-2010, 05:15 AM   #4
DealerLaw.com
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Join Date: Jul 2010
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XDCX ---

We have 30 signed retainers. We need 45 more.

Only those GM dealers who did NOT sign Wind-Down Agreements ( I believe there were 28 dealers) can particpicate, and that is because the Wind-Down contains a Release of GM and "its shareholders" which would include the U.S Government. Except for those Chrysler deaers who won at abitration, all other rejected Chrysler dealers, including those who settled before or at abitration, are eligible.

As for a deadline to join, it is just about upon us. As of yesterday we were going to announce Dec 1st as the final date, but we will probably make it next week. The reason is we need to rush ahead of the class action that was filed by a Texas law firm so we are not saddled with bad law that may arise from the proceedings in that case, which only asserted one ( and in our opinion, rather weak) claim.

Many dealers are wiped out financially. Others want to move forward and lick their wounds. We need 75 dealers who are not willing to let this go. The Sigtarp Report is hugely helpful in proving are claims. We shall see if we get more dealers soon enough.
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