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DEI Sued Over GM Bankruptcy Claim

Posted By Michael J Smith On March 2, 2010 @ 8:53 pm In Uncategorized | No Comments

Seaport Group LLC is suing Dale Earnhardt Inc because, Seaport claims, DEI reneged on a deal to sell it a $3.25 million claim in General Motors’s bankruptcy to Seaport for $783,604, according to Bloomberg [1]. Seaport is accusing DEI of reneging the deal because the value of the claim increased dramatically after the agreement was made.

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[1] Bloomberg: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXZd8y4NB0R8

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