Chrysler's Lawyers Demand To Be First In Line To Be Paid

Chrysler LLC's lawyers have taken the unusual step of asking a judge to give their fees special priority, which attorneys on the case said suggests unsecured claims such as trade debts won't be paid.

Chrysler has proposed selling its healthiest operations to a new company owned by a union-aligned trust, Italian carmaker Fiat and the Canadian and U.S. governments.

The assets left after the Fiat sale would remain in bankruptcy to settle outstanding claims, which includes some fees for lawyers and advisers.

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david999 - 5/12/2009 4:48:06 PM

0 Boost

Link sends you to a registration page, not an article.

Type707 - 5/12/2009 6:18:02 PM

+1 Boost

Its just insurance in case if Chrysler screws them over.

Agent00R - 5/12/2009 8:57:40 PM

+1 Boost

Although lawyers have a bad rap, can't blame them for trying to put food on the table.

toolatetorace - 5/12/2009 10:13:58 PM

+4 Boost

I never heard of one starving

topneuro - 5/12/2009 10:30:44 PM

+5 Boost

2.7 millions lawyers in the world, 70% of them in USA, 3 for every physician in USA available for malpractice suits, none of the starving.

MrBratwurst - 5/13/2009 8:02:52 AM

+3 Boost

They should be the LAST to be paid.

Automotive business is about making cars not consuming law services. Parts suppliers should be the first ones to get what Chrysler owes them