Car Dealers Press Case Against U.S. Over Bailout, Citing Constitution
By EMILY MALTBY And ANGUS LOTEN
Wall Street Journal
April 26, 2012
U.S. government bailouts of General Motors and Chrysler became a constitutional battleground when they were pushed through bankruptcy court in 2009.
Turns out the battle isn’t over just yet.
More than 220 former car dealers are pressing their case that the Obama administration violated the U.S. Constitution when the car makers terminated franchise agreements while in bankruptcy restructuring.
They are seeking compensatory damages ranging from $500,000 to more than $5 million apiece.