Supreme Court Blocks Chrysler Sale to Fiat - The American Spectator | USA News and Politics
Supreme Court Blocks Chrysler Sale to Fiat

The Supreme Court has stepped in after investors complained about the (essentially) forced deal with Fiat.  Reports MarketWatch:

The U.S. Supreme Court blocked the sale of Chrysler’s assets after a group of Indiana pension funds appealed the sale. The funds argued that the sale of Chrysler to Italian automaker Fiat is unconstitutional. A court spokesman said that the sale is stayed “pending further order of the court.”

I still wouldn’t be surprised if the Court doesn’t lift its stay after a hearing, but maybe the Constitution and rule of law aren’t completely dead.  For the Court to block the administration plan would be a major blow.

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