Wis. joins objections to GM bankruptcy - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wis. joins objections to GM bankruptcy


MADISON (WKOW) -- Wisconsin's attorney general has joined with leaders from 41 other states to protect General Motors' bankruptcy plans for dealerships.

J.B. Van Hollen's office says GM notified dealerships June 1 they must sign new agreements, which force dealers to waive protection rights under state laws. And some worry if dealers do not sign they could be forced out of business.

Commenting on the objection, Van Hollen stated: "GM is free to take advantage of federal bankruptcy laws to reorganize its business.  However, I won't stand by and let it do so on the backs of Wisconsin dealerships."

A federal judge in New York is scheduled to hold a hearing Tuesday on these objections.

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