Chrysler Fiat To Pass Through Supreme Court
Well friends, the Chrysler Fiat deal is almost certain to go through. The Supreme Court now has the power to say “nay” – but don’t hold your breath. Justice Ruth Bader Ginsburg now has the ability to veto this deal.
According to the Free Press: “There’s only two times in my life when I have seen the Supreme Court act quickly,” said Jennifer Shaw, a retired bankruptcy attorney who has closely followed the Chrysler case. One was the Bush v. Gore recount, she said, and the other was whether President Richard Nixon had to comply with U.S. District Judge John J. Sirica’s order that Nixon turn over his tapes.
One of the only hurdles left is a small group of Indiana shareholders, who on Sunday filed product liability claims in order to save pensions. One of the terms of this sale states Fiat faces no risk from product liability lawsuits filed against Chrysler related to vehicles produced or sold until the day the sale closes.
Jun 9th, 2009 at 9:54 am
[...] we told you the chances of the Chrysler Fiat merger being delayed were almost zero – we were so wrong. US Justice Ruth Ginsburg has ordered a delay on the final [...]