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Supreme Court Won't Block Chrysler Sale

By the Associated Press

Posted Jun 9, 2009 6:48 PM CDT

(AP) – 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.

A Chrysler PT Cruiser.
A Chrysler PT Cruiser.   (AP Photo/Paul Sakuma)
A Chrysler-Jeep dealership.
A Chrysler-Jeep dealership.   (AP Photo/David Zalubowski)
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COMMENTS
Showing 3 of 8 comments
justme
Jun 10, 2009 12:05 PM CDT
Obama got his "Deal" and the investors got the shaft. Not to worry, the Unions did just fine with a big ownership share. That's a government running a business. Favoritism isn't fair no matter who gets favored.
kokuaguy
Jun 10, 2009 7:49 AM CDT
Annie Christ is the best one one this website. I just figured out her username today. Hers should be Reader666.
kokuaguy
Jun 10, 2009 7:47 AM CDT
what is it?

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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