I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Mitt Romney, former governor of Massachusetts and son of former Michigan Governor (and president of American Motors) George Romney, continues to flip all over the place trying to find a coherent position on the auto industry meltdown, what Obama did to stop and what he would have done if he had been elected president. During [...]
One of the many objections to the section 363 sale of the good assets from the old Chrysler to the New Chrysler that emerged after bankruptcy and a partnership with Fiat was a suit by the state of Michigan seeking to force the new company to assume the obligations of the old company in regard [...]
Under the agreement that established a new company, Chrysler Group LLC, with the assets of Chrysler, the UAW’s VEBA healthcare trust fund was given a 55% stake in the new company and a seat on the board of directors. Former Michigan governor James Blanchard has been named to fill that seat.
After the Supreme Court lifted their stay on the proceedings in the US Bankruptcy Court, Chrysler and Fiat moved swiftly to close their partnership and transfer most of the assets from the old Chrysler to the new Chrysler Group LLC. The new company immediately named key management positions for the new company. Reuters reports:
In testimony before the Senate Banking Committee, a member of President Obama’s auto taskforce said that there was no specific timetable for selling off the government’s stake in GM and Chrysler. Automotive News reports:
The U.S. Supreme Court lifted the stay it placed on the proceedings in the Chrysler bankruptcy yesterday, clearing the last obstacle to the sale of Chrysler’s assets to a new Chrysler/Fiat partnership. CNN reports:
The Supreme Court on Monday held up the final sale of Chrysler assets to a new Chrysler/Fiat partnership until they can further review the record in the case. The order was given by Justice Ginsburg, who is the justice with jurisdiction over the 2nd Circuit Court of Appeals where the case originated. The Detroit News [...]
As we noted on Friday, a group of Indiana pension funds had filed a case with the 2nd Circuit Court of Appeals seeking an injunction to prevent the sale of Chrysler’s assets to a new Chrysler/Fiat partnership, claiming that the bankruptcy case violated the law. The appeals court rejected those arguments and now an appeal [...]
A hearing before a three-judge panel of the 2nd Circuit Court of Appeals today will be absolutely crucial to the success of not only Chrysler’s restructuring process but likely GM’s also. The court will hear an appeal by a trio of Indiana state pension funds seeking to stop the sale of Chrysler to Fiat and [...]
The 2nd Circuit Court of Appeals has agreed to hear an appeal filed by the Indiana state pension system against the sale of Chrysler to Fiat in bankruptcy restructuring after a district court judge rejected the plaintiff’s attempt to prevent that sale from taking place. Automotive News reports:
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