Chryslers dissenting lenders give up the fight
Chrysler’s non-TARP lenders, as they dubbed themselves, don’t plan to defend their earlier objections to the deal and may withdraw them formally, said Tom Lauria, the White & Case LLP attorney representing the group.
“After a great deal of soul-searching and, quite frankly, agony, they concluded they just don’t have critical mass to withstand the enormous pressure and machinery of the U.S. government,” Lauria said today in an interview.