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Errors in Deal Documents Can Have Bad Consequences

Recently our firm has handled several cases where a dealership’s chances of success in a lawsuit were greatly weakened by errors or omissions in the dealership’s sales documents. In one case, there were several documents that required the signatu
May 11, 2012
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GM Financial Reports March Quarter Operating Results

FORT WORTH, TEXAS — GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $112 million for the quarter ended March 31, 2012, compared to $77 million for the quarter ended March 31, 2011. Earnin
May 10, 2012
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MyDealerLot to Provide Retail Automotive Technology for Mercedes-Benz USA As Part of Preferred Vendor Technology Program

ROSWELL, Ga. — MyDealerLot (MDL) announced that it has been selected to participate in the Mercedes-Benz USA (MBUSA) Preferred Vendor Status Program to provide Automated Customer Recognition, Targeted Messaging and Asset Tracking Systems utiliz
May 10, 2012
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Edmunds.com Investigation Finds Serious Flaws in Car Recall Process

SANTA MONICA, Calif. — Millions of drivers could be endangered by operating vehicles that have been recalled but have not been repaired, reports Edmunds.com, the premier online resource for automotive information. In fact, one study says that th
May 10, 2012
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April Bankruptcy Filings Fall 16% from 2011

Alexandria, Va.— Total bankruptcy filings in the United States for April 2012 decreased 16 percent compared to the previous year, according to data provided by Epiq Systems, Inc. April bankruptcy filings totaled 108,865, down from the 129,815 filin
May 10, 2012
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Equifax: Credit Write-offs Lower By 50% from 2009, and New Credit is at HighestPoint Since 2008

ATLANTA – The credit landscape continues its consistent recovery heading into the second quarter of 2012, with the exception of home finance, according to the U.S. consumer data from Equifax’s March National Consumer Credit Trend
May 10, 2012
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CarGurus Offers Young Car Buyers Guidance on How to Find a Great Used-Car Deal

CAMBRIDGE, Mass. — The average debt load on college graduates jumped 24% to $16,932 between 2000 and 20101. Recent grads who need to buy a car as they begin their professional life should not add to that burden by overpaying for their first set
May 10, 2012
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Dollar Thrifty Automotive Group Reports Record First Quarter Profit

TULSA, Okla. — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) reported results for the first quarter ended March 31, 2012.  Net income for the 2012 first quarter was $40.4 million, or $1.35 per diluted share, compared to net income of $16.5
May 10, 2012
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Blue Book Market Report: New-Car Sales Maintain Momentum

According to the Blue Book Market Report for May 2012, new-car sales maintain momentum, post solid 14.4 million SAAR Pace. Click here to read the full results: Blue Book Market Report – May 2012.  THIS MONTH’S REPORT INCLUDES: NEW-CAR MARKET ANA
May 10, 2012