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Saab Cars North America, Inc.

  1. April 06, 2015

    Saab Trustee Settles With Ex-Execs To End Severance Claims

    The trustee for the U.S. unit of Saab Automobile AB on Friday urged a Delaware bankruptcy judge to approve its $187,500 settlement to end severance claims brought by three of the company's former executives, filed after the automaker claimed their alleged missteps pushed the company into insolvency.

  2. March 31, 2014

    Saab Trustee Claims Execs' Missteps Led To Bankruptcy

    The trustee for the U.S. arm of Saab Automobile AB's bankruptcy case filed an adversary suit in Delaware federal court on Friday against three of the company's former executives, saying they made several ill-advised decisions, including taking on a letter of credit, that pushed the company into insolvency.

  3. July 15, 2013

    Saab's U.S. Unit Gets Nod For Ch. 11 Liquidation Plan

    After spending about a year and a half in a sometimes contentious bankruptcy process, the U.S. arm of Saab Automobile AB on Monday won a Delaware bankruptcy's judge's approval for its Chapter 11 liquidation plan.

  4. May 20, 2013

    3 Ex-Saab Execs Arrested In Sweden For Tax Evasion

    Swedish authorities on Monday reportedly arrested three former executives of recently bankrupt Saab Automobile AB, including the carmaker's ex-general counsel, on charges of accounting fraud stemming from purported tax evasion.

  5. November 16, 2012

    Ally Gets Month To Submit Rival Plan For Saab Bankruptcy

    A Delaware bankruptcy judge on Friday gave Ally Financial Inc. one month to submit its own Chapter 11 liquidation plan for Saab Cars North America Inc., deferring approval of the disclosure statement presented by SCNA and its creditors committee until after the deadline.

  6. November 09, 2012

    Saab Says Liquidation Plan By Ally Would Be Unnecessary

    Bankrupt Saab Cars North America Inc. on Thursday lodged an objection to Ally Financial Inc.'s move to examine current and former directors of the carmaker, saying the lender is just seeking cover to file a competing liquidation plan, which SCNA claims is unnecessary.

  7. October 19, 2012

    Ally Blasts Saab's Ch. 11 Plan, Will Devise Alternative

    Ally Financial Inc. launched an objection Friday to Saab Cars North America Inc.'s recently submitted Chapter 11 liquidation plan and asked the Delaware bankruptcy court to defer its consideration until the lending giant finalizes a plan of its own.

  8. October 18, 2012

    Saab's North American Unit Delivers Ch. 11 Liquidation Plan

    Saab Cars North America Inc. and its creditors committee teamed up Wednesday to submit a liquidation plan with the Delaware bankruptcy court that provides unsecured creditors a recovery ranging from 7 to 58.5 percent, depending on the resolution of disputed secured claims.

  9. September 20, 2012

    Ally Ordered To Turn Over Saab Loan Docs In Bankruptcy Row

    A Delaware bankruptcy judge on Thursday ordered Ally Financial Inc. to begin handing over documents to Saab Cars North America Inc.'s creditors, who are trying to determine if the lender is paying SCNA its fair share of $16.5 million raised from selling 900 vehicles that were collateral for a loan.

  10. September 11, 2012

    Ally Rips Saab Creditors' Discovery Bid As 'Harassment'

    Ally Financial Inc. on Tuesday blasted a demand from Saab Cars North America Inc. creditors for information on the lender's $61 million claim in SCNA's Delaware bankruptcy, saying the discovery bid amounts to harassment.

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