General Motors Wins Dismissal of Suit Brought by Saab Owner
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General Motors Co. won dismissal of a lawsuit in which Spyker NV alleged the U.S. automaker sought to drive the Dutch company’s Saab cars into bankruptcy by interfering with a transaction that would have saved it.
GM thwarted a transaction with Chinese investors “that would have permitted Saab to restructure and remain a solvent, going concern,” Spyker claimed in the lawsuit. Spyker was seeking $3 billion in compensatory damages and unspecified punitive damages, according to court filings.