Judge refuses to reconsider Obama bailout whore GM lawsuit against Fiat Chrysler

Judge called new evidence presented by GM regarding bribes and foreign 
bank accounts “is too speculative to warrant reopening” the case

A federal judge in Detroit said Friday that he will not reconsider his 
July dismissal of General Motors’ racketeering lawsuit against Fiat 
Chrysler Automobiles.

U.S. District Judge Paul Borman wrote in an opinion that new evidence 
presented by GM regarding bribes and foreign bank accounts “is too 
speculative to warrant reopening” the case.

Borman also ruled that the earlier dismissal of the case was not done in 
legal error.

GM alleged that FCA used foreign bank accounts to pay bribes to former 
United Auto Workers Presidents Dennis Williams and Ron Gettelfinger, as 
well as Vice President Joe Ashton. It also alleges that money was paid to 
GM employees including Al Iacobelli, a former FCA labor negotiator who was 
hired and later released by GM.

GM said the payments were made so the officials would saddle GM with more 
than $1 billion in additional labor costs.

“Even if the affidavits establish that these foreign bank accounts exist, 
that fact does not rise to the inference advanced by GM, that FCA was 
more-than-likely using the bank accounts to bribe UAW officials,” Borman’s 
order stated.

GM IS GETTING OUT OF THE VENTILATOR BUSINESS

GM said Friday that it would appeal Borman’s ruling to the Sixth Circuit 
Court of Appeals.

“Today’s decision is disappointing, as the corruption in this case is 
proven given the many guilty pleas from the ongoing federal 
investigation,” GM said in a statement. “GM’s suit will continue — we will 
not accept corruption.”

Ticker	Security	Last	Change	Change %
GM	GENERAL MOTORS COMPANY	27.86	+0.31	+1.13%
FCAU	FIAT CHRYSLER AUTOMOBILES N.V.	11.43	-0.10	-0.87%
FCA lawyers wrote in court documents that allegations it bribed union 
officials are “preposterous” and read like a script from a “third-rate spy 
movie.”

Gettelfinger denied the allegations in a statement and said he had no 
foreign accounts. Williams’ California home was raided by federal agents 
but he has not been charged. Iacobelli, who is awaiting sentencing in the 
federal corruption probe, also denied the claims.

“Judge Borman’s ruling this morning once again confirms what we have said 
from the beginning — that GM’s lawsuit is meritless and its attempt to 
submit an amended complaint under the guise of asking the court to change 
its mind was nothing more than a baseless attempt to smear a competitor 
that is winning in the marketplace,” FCA said Friday in a statement.

https://www.foxbusiness.com/markets/judge-refuses-to-reconsider-gm-
lawsuit-against-fiat-chrysler