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