High Court Clears Way For $2B Chrysler Sale

Law360, New York (June 9, 2009, 12:00 AM EDT) -- The U.S. Supreme Court has vacated the temporary stay it issued Monday over the $2 billion sale of Chrysler LLC to Italian car maker Fiat SpA, denying an emergency bid by a group of Indiana pension funds, consumer groups and personal injury claimants for high court review of the sale.

The high court issued a two-page order late Tuesday lifting the stay entered 24 hours earlier by Justice Ruth Ginsburg, saying the challengers had not met their burden of showing that a delay of the sale...
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