Logourl black
From our private database of 14,000+ case briefs...

Chrysler LLC v. Plastech Engineered Products

United States Bankruptcy Court for the Eastern District of Michigan
382 B.R. 90 (2008)


Facts

Plastech Engineered Products (Plastech) (debtor) produced plastic car components for automobile manufacturers, including Chrysler LLC (creditor). Plastech typically entered into tooling agreements with its customers. Under these agreements, the customer would pay for and own the rights to the specialized tooling equipment necessary to produce the customer’s unique components. Chrysler and Plastech’s tooling agreement provided that Plastech did not have an interest in the tooling equipment Chrysler paid for; that Chrysler had the right to immediate possession of the tooling equipment on demand; and that, in the event of a dispute over whether tooling equipment was paid for, Chrysler could still take possession while the dispute was being resolved. Chrysler became aware that Plastech’s financial situation was deteriorating and eventually knew that Plastech had become insolvent. Chrysler sent a letter to Plastech terminating all contracts and demanding the return of all Chrysler tooling equipment. On the same day, Chrysler filed a suit against Plastech to obtain an order requiring Plastech to immediately deliver all of Chrysler’s tooling equipment. Later that day, Plastech filed for reorganization under chapter 11 of the bankruptcy code. The following day, Chrysler filed a motion to lift the automatic stay in order to remove the tooling equipment from Plastech’s facilities.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision.

To access this section, please start your free trial or log in.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question.

To access this section, please start your free trial or log in.

Holding and Reasoning (Shefferly, J.)

The holding and reasoning section includes:

  • A “yes” or “no” answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

To access this section, please start your free trial or log in.

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 176,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.