From the Wall Street Journal today it is reported that a U.S. district court judge will hear arguments in February over the fate of Spykers $3 billion lawsuit against GM. The suit claims Saab was forced into bankruptcy after GM blocked a financial deal that would have saved the company.
Judge Gershwin Drain of the U.S. District Court in Detroit agreed on Thursday to hear arguments from lawyers for Saab and GM beginning Feb. 19.
It is clear that Spyker will get their day in court and the biggest issue to be argued will be wether or not a deal with Youngman would have changed control or transfer of GM technology.
This is not so much NEVS related but very much so SAAB/GM related and something that I will be following to finally get some closure to GM blockage that severely hurt our brand and so much more. Click the link to read the full article on the WSJ.