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Washington - US Supreme Court Clears Way for Sale of Chrysler to Fiat

Published on:   Jun 09, 2009 at 06:53 PM
News Source: AP
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Washington - The Supreme Court cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

Justice Ruth Bader Ginsburg ordered a temporary delay just before a 4 p.m. deadline on Monday.

Now the court has freed the automakers to complete their deal. The opponents include a trio of Indiana pension plans, consumer groups and individuals with product-related lawsuits.

The court issued a brief, unsigned opinion explaining its action. To obtain a delay, or stay, someone must show that at least four of the nine justices find that the issue raised is serious enough to warrant hearing a full appeal and that a majority of the court will conclude the lower court decision was wrong.

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"The applicants have not carried that burden," the court said.


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Read Comments (3)  —  Post Yours »

1

 Jun 09, 2009 at 07:11 PM Anonymous Says:

Thay are not right

2

 Jun 09, 2009 at 08:56 PM Anonymous Says:

thanks for letting us all know we appriciate it very much

3

 Jun 10, 2009 at 10:00 AM Jimmy37 Says:

Rather ironic that Chrysler is being sold to Fiat at the behest of Yobama, who prefers to rule by fiat. Maybe he's trying to tell us something?

4

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