High court justice delays Chrysler sale
WASHINGTON - Supreme Court Justice Ruth Bader Ginsburg yesterday delayed Chrysler's sale of most of its assets to a group led by Italy's Fiat, but didn't say how long the deal would remain on hold.
Ginsburg said in an order that the sale was "stayed pending further order," indicating that the delay may only be temporary.
Chrysler L.L.C. has said the sale must close by June 15, or Fiat Group SpA has the option to walk away, leaving the Auburn Hills, Mich., automaker with little option but to liquidate.
A federal appeals court in New York approved the sale Friday but gave opponents until 4 p.m. yesterday to try to get the Supreme Court to intervene. Ginsburg issued her order right before the deadline.
Ginsburg could decide on her own whether to end the delay, or she could ask the full court to decide.
Tuesday, June 09, 2009
Will SCOTUS stand up for Jefferson, Adams, Madison and Hamilton? Chrysler on hold
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment