Update: Chrysler-Fiat Deal Goes to Supreme Court

Today, Chrysler and Fiat plan to close the deal forming a new Chrysler company. However, the deal could be derailed or delayed by the Supreme Court.

Sometime today, Supreme Court Justice Ruth Bader Ginsburg could decide whether to hear an appeal involving Chrysler creditors, brought by three Indiana pension funds that claim they’re getting an unfair shake. If she opts to hear the case, a Chrysler rebirth will have to wait until the case is heard before the full Supreme Court. If the Indiana pension funds were to win, Chrysler could potentially end up in liquidation. The bankruptcy court has set a 4 p.m. EDT closing time for the Chrysler-Fiat deal. We’ll keep you posted on this developing story as more information is made available.

Chrysler-Fiat deal could close today if Ginsburg shuns appeal (Detroit Free Press)

Update: The Supreme Court has issued a stay halting, for the time being, the Chrysler-Fiat deal. They did not give an explanation, or say what their next step might be. We'll let you know more when we know.

Comments

Thanks for stay on Chrysler sale. Most happiest day.

I hope the delay isn't to long...I really want a Fiat. I will be so bummed if this merger does not happen.

That's it, Stick a fork in Chrysler, it is DONE. Goodbye, Chrysler. You will be greatly missed.

Darn them. America could use this:

http://motormouths.com/car/fiat/500

I just don't understand the difference.
Chrysler - big junk cars.
Fiat - small junk cars.

I am lost about, what is consumer's gain?