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12-09-2010, 03:23 PM | #16 |
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Here's a link to the Wall Street Journal article regarding the legality of TARP as it was applied to the GM and Chrysler bailouts - click here
(WSJ links are often restricted - if the above link doesn't work there's another one posted in AREA 51.) |
12-09-2010, 10:02 PM | #17 |
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XDCX- I remember getting a list of the GM dealers last year that didn't sign the wind down agreement. I just found and scanned into a pdf, but not sure how to post so I'll send to you.
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12-10-2010, 05:12 AM | #18 |
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Thanks for attaching the link to the Wall Street Journal article. It has been very helpful to have the theory I have been espousing for over a year finally validated by constitutional scholars. After all, rejected dealers have wondered whether my proposed lawsuit was "pie in the sky", which has kept many dealers on the sidelines. I am not suggesting that this is a slam dunk case, but rather that the law was broken (read article) and that a federal judge should find the rejections were unconstitutional and that dealers are entitled to be paid for the taking of their property by the government.
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12-10-2010, 09:11 AM | #19 | |
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Quote:
I just checked my email and downloaded the attachment. Here's the list of the GM dealers who did not sign their wind-down agreement: . |
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12-10-2010, 09:50 AM | #20 | |
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Quote:
I also noticed that Everett Chevrolet was on the list - I think that dealership was a GM Minority Dealership that was closed due to a SOT condition. |
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07-12-2011, 10:25 AM | #21 |
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Any news on this thing?
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07-12-2011, 11:05 AM | #22 |
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As expected, the government filed a motion to dismiss on June 17. The attorneys handling the case were not surprised by any of the Government’s contentions, and are handling them accordingly. There will be some legal sparing until the court has a hearing, which is expected in October.
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10-05-2011, 11:13 AM | #23 |
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October is here. It will be interesting to see if there is any movement on this. Bets?
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10-05-2011, 02:14 PM | #24 |
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Progressing nicely but am hesitant to share detail. A Response has been filed in opposition.
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10-05-2011, 08:04 PM | #25 |
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Possum - thanks for asking the question. It's been a long time since we've heard anything from Len concerning the case against the Treasury or any other issue.
Jim - thanks for the update. I know you're passionate about the damage that was done to the OLDCO dealers and I'm happy to see you're pleased with how the case is progressing. |
10-06-2011, 06:01 PM | #26 |
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The response is public domain but I feel I must refrain from sharing documents at this time. It is clear that there is a strong case. Be patient. I am confident JUSTICE will prevail.
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10-11-2011, 06:05 PM | #27 |
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Here is the update. The U.S Government has filed a motion to dismiss the case. This is standard procedure. Last week we filed our brief in opposition to the motion. The Government will soon file a reply to our opposition. Tomorrow I will start sending copies of our brief to my 75 clients. After that I will circulate it to any interested party. The theory of liability is clearly spelled out in the brief. We feel very strongly that the Government will not be successful in dismissing the case and that we will proceed to trial to get each dealer adequately compensated. There is an opportunity for other rejected Chrysler dealers to join. Regards to all, Len Bellavia
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10-12-2011, 11:43 AM | #28 |
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Len - Thanks for the update.
It's great to hear there's still an opportunity for Chrysler OLDCO dealers to join the case. Should dealers who want more information contact you directly or would you be interested in setting up a hidden "Member's Area" for your section of the forum where questions could be asked and answered? |
10-12-2011, 11:56 AM | #29 |
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Any rejected Chrysler dealer interested should log onto www.Dealerlaw.com and click the "Contact Us" tab at the top right side of the homepage. Thanks, Len Bellavia
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12-15-2011, 04:46 AM | #30 |
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As we approach Christmas, I'm wondering if there are any updates? I feel another story slowly going away................
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