Judge says do it...
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Admin formally known as 94rt10ohio
Joined: Apr 2005
Posts: 9,025
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From: Curtice, OH
Judge says do it...
http://finance.yahoo.com/news/Judge-...1&asset=&ccode=
They have 15 days to get it done or it is all in Jeopardy.
They have 15 days to get it done or it is all in Jeopardy.
Record Breaker
Joined: Feb 2007
Posts: 1,564
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From: Austin/Round Rock, TX
According to the Supreme Court, the whole deal is on hold now:
"In a ruling on Monday, U.S. Supreme Court Justice Ruth Bader Ginsburg said the bankruptcy judge's orders allowing the Chrysler sale were "stayed pending further order" by her or by the high court.
It was unclear what the next step would be. Many experts interpreted the action as giving the top court more time to weigh its response to a request by three Indiana pension funds and others for a stay of the deal."
"In a ruling on Monday, U.S. Supreme Court Justice Ruth Bader Ginsburg said the bankruptcy judge's orders allowing the Chrysler sale were "stayed pending further order" by her or by the high court.
It was unclear what the next step would be. Many experts interpreted the action as giving the top court more time to weigh its response to a request by three Indiana pension funds and others for a stay of the deal."
"The Indiana funds bought their debt in July 2008 for 43 cents on the dollar."
43 cents on the dollar, by that point it was more than obvious Chrysler was in a dire position so they decide to jump into it anyway and now they're bitching that they're losing money on the whole thing. Morons...
43 cents on the dollar, by that point it was more than obvious Chrysler was in a dire position so they decide to jump into it anyway and now they're bitching that they're losing money on the whole thing. Morons...
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Supreme Court clears way for Chrysler,Chrysler-Fiat alliance can now go forward, allowing Chrysler to re-emerge as a competitive and viable automaker," the White House said in a statement issued after the Supreme Court order.
One day after intervention, the high Court decides not to hear case from Indiana pension funds.
Last Updated: June 9, 2009: 9:09 PM ET
One day after intervention, the high Court decides not to hear case from Indiana pension funds.
Last Updated: June 9, 2009: 9:09 PM ET