LA Appeals Court Refuses GM's Request to Take Over Jurisdiction In Administration of Fuel Tank Class Action

Apr 26, 2001, 01:00 ET from The Barrett Law Firm

    BATON ROUGE, La., April 26 /PRNewswire/ -- General Motors (NYSE:   GM) was
 dealt a significant blow today when an appeals court in Louisiana refused to
 hear GM's request to take over jurisdiction of pending disputes in the
 administration of the class action settlement involving 5.8 million GM pickup
 trucks with sidesaddle fuel tanks.
     "This is a serious setback for GM in its relentless effort to renege on
 its settlement agreement," said Don Barrett of The Barrett Law Firm in
 Lexington, Mississippi and Nashville, Tennessee, lead class counsel.  "GM has
 been totally thwarted and will be forced to honor the certificates."
     Instead, the appeals court ruled that the matter remain with the
 18th district court in Plaquemine which will hold a hearing on the
 settlement's administration tomorrow (Friday, April 27 at 1 p.m. CDT).
     The administrative dispute involves the question of transferability and
 whether or not class counsel can act on behalf of the class members and take
 possession of the certificates and sell them on their behalf, thereby creating
 a secondary market as contemplated in the circuit court's decision last
 November.  The matter also involves Certificate Redemption Group of Houston,
 which is offering to purchase certificates to create a secondary market.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33431765
 
 

SOURCE The Barrett Law Firm
    BATON ROUGE, La., April 26 /PRNewswire/ -- General Motors (NYSE:   GM) was
 dealt a significant blow today when an appeals court in Louisiana refused to
 hear GM's request to take over jurisdiction of pending disputes in the
 administration of the class action settlement involving 5.8 million GM pickup
 trucks with sidesaddle fuel tanks.
     "This is a serious setback for GM in its relentless effort to renege on
 its settlement agreement," said Don Barrett of The Barrett Law Firm in
 Lexington, Mississippi and Nashville, Tennessee, lead class counsel.  "GM has
 been totally thwarted and will be forced to honor the certificates."
     Instead, the appeals court ruled that the matter remain with the
 18th district court in Plaquemine which will hold a hearing on the
 settlement's administration tomorrow (Friday, April 27 at 1 p.m. CDT).
     The administrative dispute involves the question of transferability and
 whether or not class counsel can act on behalf of the class members and take
 possession of the certificates and sell them on their behalf, thereby creating
 a secondary market as contemplated in the circuit court's decision last
 November.  The matter also involves Certificate Redemption Group of Houston,
 which is offering to purchase certificates to create a secondary market.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33431765
 
 SOURCE  The Barrett Law Firm