As part of the U.S. government-initiated and supervised bankruptcy reorganization of Chrysler Corp., almost 800 Chrysler dealerships

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As part of the U.S. government-initiated and supervised bankruptcy reorganization of Chrysler Corp., almost 800 Chrysler dealerships were terminated. Many of those dealers felt that the forced closings by Chrysler of their businesses was grossly unfair and wanted to contest the closing either through arbitration or the courts. They could not do so, however, because the bankruptcy specifically prohibited arbitration or awsuits against Chrysler. Indeed, one of the key reasons for pursuing the bankruptcy option was to gain protection from pushback from dealer lawsuits or arbitration actions. But the dealers Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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