Originally published June 7, 2009 at 12:00 AM | Page modified June 7, 2009 at 12:22 AM
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Funds challenge sale of Chrysler
Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal.
WASHINGTON — Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal.
Three Indiana state pension and construction funds filed emergency papers at the high court early today to put the sale on hold so they can pursue an appeal.
The federal appeals court in New York approved the sale Friday, but gave objectors until Monday afternoon to try to get the Supreme Court to intervene. Chrysler wants to sell the bulk of its assets to a group led by Italy's Fiat as part of its plan to emerge from bankruptcy.
Copyright © 2009 The Seattle Times Company
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