It’s not yet clear if a new class-action lawsuit against General Motors Co. will impact the car company’s overall loan valuations, including those loans that have been securitized in the capital markets.

A California consumer filed the suit today on behalf of all similarly impacted consumers, saying the General Motors Company should compensate millions of automobile owners for lost resale values after GM allegedly failed to disclose — and indeed, concealed — at least 35 separate defects in GM cars.

 

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Suit Alleges, Recalls Diminished GM Model Values

It’s not yet clear if a new class-action lawsuit against General Motors Co. will impact the car company’s overall loan valuations, including those loans that have been securitized in the capital markets.

A California consumer filed the suit today on behalf of all similarly impacted consumers, saying the General Motors Company should compensate millions of automobile owners for lost resale values after GM allegedly failed to disclose — and indeed, concealed — at least 35 separate defects in GM cars.

 

Read more here

We Turn Auto Notes Into Cash!

Call Today 615-414-6708



Get A Quote!

Fill in the simple form below for a free consultation and we'll get back to you asap!

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