US: Court sets Spyker/General Motors oral argument date
Spyker says the US District Court Eastern District of Michigan has issued a Notice to General Motors, Spyker and Saab Automobile to appear for oral argument on GM's Motion to Dismiss on 19 February next year.
"On 6 August 2012, Spyker in its own right and on behalf of its 100% subsidiary Saab
Automobile, filed a US$3bn complaint against GM in the Court, provoking GM to file a Motion to Dismiss in which the US automaker maintained an agreement - the so-called 'Framework Agreement' which Spyker, Saab and Zhejiang Youngman Lotus Automobile had drafted - would cause a change of control of Saab Automobile or would cause transfer of GM proprietary automotive technology to Youngman," a Spyker statement noted.
"Spyker and Saab Automobile are of the opinion the Court should deny GM's Motion to Dismiss," a Spyker statement said.
"As a consequence of GM's tortious interference, Saab Automobile was forced to enter into liquidation on 19 December, 2011."
GM has already insisted the claim is "completely without merit" and has dismissed the allegations as "baseless."
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