$2B Chrysler Sale Spat Heads Straight To 2nd Circ.

Law360, New York (June 2, 2009, 12:00 AM EDT) -- The judge overseeing Chrysler LLC's Chapter 11 case agreed Tuesday to let a challenge to the $2 billion sale of most of Chrysler's assets to Fiat SpA go directly to a federal appeals court, backing Chrysler and Fiat's bid to speed up the appeals process ahead of a June 15 deadline for closing the deal.

Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York signed off on an order holding that an immediate appeal of his order authorizing the sale...
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