The U.S. government has moved to dismiss a suit from 18 former Chrysler dealerships that lost their contracts with the automaker during its bankruptcy proceeding in 2009.
In a Dec. 15 filing with the U.S. Court of Federal Claims, the government argued in that plaintiffs had failed to state a regulatory takings claim by proving Chrysler had any realistic alternatives to the Troubled Asset Relief Program—which provided $14 billion in bailout funds to the company and its auto loans arm, Chrysler Financial Corp.—to stay afloat and maintain its dealership agreements.
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