Posted On: May 29, 2009 by Steven J. Malman

Chicago Workers' Compensation: On Behalf of IWCC and ISIAB, Illinois Attorney General Lisa Madigan Files Objection to Chrysler Sale

Last week, Illinois Attorney General Lisa Madigan announced that she has filed an objection over Fiat’s purchase of Chrysler in federal bankruptcy court. Madigan said her objection was filed on behalf of the Illinois Self-Insurers Advisory Board and the Illinois Workers’ Compensation Commission.

Madison says that the purpose of the objection is to protect Chrysler workers in the state that may need Illinois workers’ compensation for their work injuries. Her filing states that both the ISIAB and the IWCC oppose the sale if there won’t be enough assets left to pay Illinois Chrysler employees their workers' compensation benefits.

Chrysler filed for Chapter 11 bankruptcy last month. The motor vehicle manufacturer, which was established in 1924, announced that Fiat would be purchasing most of its assets as part of a restructuring deal reached with stakeholders.

However, the current sale terms does not obligate Fiat to pay Chrysler workers’ work injury benefits and Chrysler may not end up having enough assets to pay its injured employees their compensation. If Chrysler can’t pay these benefits, the financial burden would fall on the Illinois Self-Insurers Security Fund. Officials in other states have also filed objections voicing similar concerns about their injured Chrysler workers.

Illinois Workers’ Compensation
Most injured workers are guaranteed Illinois workers’ compensation benefits for injuries sustained during work-related accidents. This provides workers the medical services and compensation they need to recover from their injuries while protecting employers from Illinois personal injury lawsuits.

Work injuries not only take time and money to recover from, but they can prevent an injured worker from doing his or her job and earning a living.

State Attorneys General File Objections to Sale of Chrysler Assets, The National Law Journal, May 28, 2009

Madigan Files Objection to Chrysler Sale on Behalf of Workers' Compensation Fund, eNews Park Forest, May 23, 2009


Related Web Resources:
Illinois Self-Insurers Association

Illinois Workers' Compensation Commission

Illinois Attorney General Lisa Madigan

An experienced Chicago, Illinois workers’ compensation law firm can make sure that you receive all of the Illinois work injury benefits that you are owed.

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