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Posted on June 8, 2009 | tags

 
 

Biz, U.S.: The Supreme Court blocks the Chrysler/Fiat sale. Whoa!

  • Wow. That was unexpected. The one thing that could stop the Chrysler/Fiat sale just happened. Justice Ruth Bader Ginsburg delayed the sale “pending further order.” Three Indiana state pension and construction funds were among the foremost opponents of the sale, which they felt left them financially out of the loop. The final sale, which the bankrupt company was counting on, could be delayed for weeks while the court makes a decision. Stay tuned to this Spidey-station. source