The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal. The court late today rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. With the court's move, the deal can now close as early as tomorrow morning.
In a brief, unsigned opinion, the justices declared that the deal's opponents—including a trio of Indiana pension plans—did not sufficiently make the case that the court should intervene. They did not rule on the legal merits of the challenge. Justice Ruth Bader Ginsburg had ordered a temporary delay yesterday, injecting a measure of uncertainty into a bankruptcy deal that the Obama administration had promised would move quickly.