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Chrysler Hires Jones Day as Bankruptcy Counsel View Count: 83
The Wall Street Journal is reporting that Chrysler several weeks ago hired the prominent law firm of Jones Day as bankruptcy counsel, suggesting the auto maker is preparing for imminent financial failure should its efforts to obtain federal rescue funds fall short.
Great news for Jones Day. Bad news for the U.S. economy.
Chrysler Hires Jones Day as Bankruptcy Counsel by Harrison Barnes