Yesterdays decision by the federal Bankruptcy Court requires that General Motors comply with Texas law. General Motors - which is 60 owned by the federal government - tried to force Texas dealers to sign agreements that specifically waived their rights under state law. The federal court ruled that franchise agreement disputes between General Motors & its Texas dealers will be decided by the Texas Department of Motor Vehicles not a federal bankruptcy court 1300 miles away in New York City. The courts ruling reflects a significant victory for the State of Texas." -- Texas Attorney General Abbott
Yesterdays decision by the federal Bankruptcy Court requires that General Motors comply with Texas law. General Motors - which is 60 owned by the federal government - tried to force Texas dealers to sign agreements that specifically waived their rights under state law. The federal court ruled that franchise agreement disputes between General Motors & its Texas dealers will be decided by the Texas Department of Motor Vehicles not a federal bankruptcy court 1300 miles away in New York City. The courts ruling reflects a significant victory for the State of Texas." -- Texas Attorney General Abbott
