News Sections
Audio
Chrysler's Potential Sale To Fiat Delayed
Updated May 5, 2013 12:06 AM | Filed under: Network Indiana
 Print    Archive    RSS

(UNDATED) - The US Supreme Court is delaying the sale of most of Chrysler's assists to a group led by Italy's Fiat.

Supreme Court Justice Ruth Bader Ginsburg has decided the nation's highest court could hear an appeal from three Indiana pension funds that are objecting to the deal.

The pension funds maintain that Chrysler should have sold itself off in pieces because that would have been better for secured lenders.

A federal appeals court in New York had earlier approved the sale, but gave opponents some time to file an appeal.

Chrysler has said a delay could ruin the deal.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback