| When asked about potential antitrust concerns, | | | | Cerberus-Chrysler deal and that potentially this could |
| Imperato stated, "If the Chrysler buyout were to go | | | | have been the reason that he, along with the Chrysler |
| through, there is a huge antitrust concern in the area of | | | | Employee Owned Buyout Committee, were denied to |
| auto leasing and financing. Cerberus would own a | | | | bid on Chrysler. |
| controlling interest in both General Motors Automotive | | | | Previously, Imperato has stated that legal action is a |
| Credit (GMAC) and Chrysler Financial creating the | | | | potential option for the worker's group and the |
| industry's biggest firm." | | | | shareholders of Chrysler. |
| Since this transaction is based in Germany, the | | | | In addition, i1connect has learned that the employees of |
| European Union (EU) is the only regulatory body looking | | | | Chrysler are starting an Employee Litigation Fund |
| at any anti competitive issues. | | | | which has been setup as a non-profit through the |
| Due to their European focus and Chrysler's mostly US | | | | Imperato Foundation. |
| based operations, the EU has fast tracked the review | | | | The Chairperson of the Employee Litigation Fund will |
| to terminate on July 3rd instead of the normal 110 day | | | | be Michele Mauder. |
| review period. | | | | In response to the fund, Imperato stated, "I call on the |
| The Federal Trade Commission is not formally | | | | employees of Chrysler to support Michele Mauder and |
| reviewing the transaction and has not asserted any | | | | her mission to protect the cause of the employees of |
| authority over the proposed sale. | | | | Chrysler and all union employees across the country |
| When asked if the US government should step in the | | | | that are involved in similar situations. It is this |
| situation, Imperato responded, "It's awful convenient | | | | Cerberus-Chrysler deal that is representative of the |
| that our US President, George W. Bush, was in | | | | loss of jobs in America and unfair business practices |
| Germany a short while ago meeting with German | | | | that are eroding our great nation. For that reason, I |
| Chancellor, Angela Merkel. Overnight, the US has | | | | stand with the workers." |
| essentially given it the thumbs up by not slowing down | | | | *** This release has been created by i1connect, an |
| the deal and leaving everything to be decided by the | | | | independent news agency.*** |
| EU." | | | | About i1connect: |
| Imperato then pointed to the involvement of key Bush | | | | I1 Connect ( is the new online leader in global public |
| alliances within the Cerberus Capital Management | | | | relations and advertising. With a diversified set of |
| organization such as Cerberus Chairman Tony Snow, | | | | offerings ranging from Public Relations, Press |
| who was former US Secretary of the Treasury, and | | | | Releases Distribution, Advertising, Marketing, Website |
| former US Vice President Dan Quayle, who is a board | | | | Development, to Investor Relations services, has |
| member. | | | | positioned itself for a long term growth utilizing the |
| Imperato went on to state that he was "outraged" that | | | | latest in telecommunications technology. |
| the Bush administration has not looked into the | | | | |