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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.