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Law & Health Weekly

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Cerberus Capital Management, L.P.



Statement by Cerberus Capital Management



May 16th, 2009

Cerberus Capital Management, L.P. ("Cerberus") issued the following statement today, attributable to Mark Neporent, Cerberus Chief Operating Officer and General Counsel.

"Cerberus has worked diligently with the U.S. Department of Treasury, Mr. Bloom, Mr. Rattner and the other members of the President's Auto Task Force, Fiat, the UAW, the Lenders and all major constituencies to facilitate the restructuring of Chrysler, LLC. We appreciate the support for Chrysler LLC reflected in the tireless work of its management team led by Bob Nardelli, Tom LaSorda and Jim Press, and the efforts of The Treasury, the Auto Task Force and all stakeholders to preserve and enhance the...


Source: Law & Health Weekly (2009-05-16)

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