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GM agreement approved

Consumers and automobile dealers will receive important protections provided by Mississippi law under the terms of an agreement approved in the General Motors (GM) bankruptcy proceedings, according to Mississippi Attorney General Jim Hood.

Among the concessions sought by Mississippi, in conjunction with a multi-state group of state attorneys general, and received from GM in the bankruptcy case are: acceptance of lemon law claims without limitations on damages or attorneys fees; protection of consumers personal information; continued protection of dealers’ rights under state franchise and dealer laws; full compliance with state tax liability and workers’ compensation laws; and, acceptance of responsibility for compliance with environmental issues associated with old GM sites and facilities.

“Bankruptcy is always unfortunate, but our office fought hard to secure these continued protections,” said Hood. “Working with other states, we were able to ensure that Mississippians would be protected in the future.”

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