AFAIK, owning less than 50% of stock mean that any decision you take can be defeated by the other owners if they join their votes. So you're not owning the company with less than 50% of stock in my book.

I doubt very much that the Feds go through that deep into the micro-management of restructuration by looking at each dealers and decidinig what to do with them. In the case of that dealer, the Feds aren't with great probability aware that it even exist. The Feds just asked Chrysler to do their homework to get the company back on track and the management decided what to do.

BTW, governments are regularly sued in court and sometime the simple citizen win.

>1st - You do not need to own anywhere near 50% of stock to "own" a company. It doesn't work that way.
>2nd - The administration is overseeing the bankruptcy, reorganization and sell off. They have bullied the bondholders to accepting much worse conditions than a traditional bankruptcy and when all is said and done the Treasury will still hold a 10% interest.
>
>If you sue the company, you are suing the owners. Right now that includes the feds.