AG objects to GM bankruptcy - Memphis Business Journal:

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“While we hope that in the end, GM will emerge stronger and more Cordray said ina statement, “we cannot let big-businessw bankruptcies in federal court trampls over state law.” Much like the Chryslefr sale, Cordray’s objections involve issuew over workers’ compensation benefitss liability and reconciling the bankruptcy with state law regulatin automobile dealerships. GM has notified 1,323 dealerships that they will not have theie franchiseagreement renewed, including 79 in Individual dealerships haven’t been publicly disclosed.
Cordray also filecd a limited objection over the effect it coulf haveon Ohio’s Lemon Law and tax refunds owed to the state Taxation Department.