On September 23, 2008, we reported about the 9th Circuit BAP’s ruling and treatment of negative equity in automobile retail installment contracts. AmeriCredit appealed to the Court of Appeals for the Ninth Circuit.  AmeriCredit received trade group and industry amicus support.  Review the Briefing here: Penrod — AmeriCredit’s Opening Brief  Penrod — Trade Group Amicus Brief Penrod — Industry Amicus Brief