Advanced Search  |  Sitemap  |  Contact Us
  
 

FOLLOW US

Subscription required for full online access

Current subscribers to the Buffalo Law Journal, click here to create an account for full online access.

Not a subscriber? Click here to see subscription options. Questions about your online access? Call us at 716-541-1650.

Bizjournals Legal News

Attorney pleads guilty to three counts Thu, 24 May 2012 23:49:16 +0000
The Funded: Lex Machina, Lam Aviation Thu, 24 May 2012 21:22:58 +0000
Sorin Royer Cooper law firm splits up Thu, 24 May 2012 19:28:42 +0000

Google Legal News

Featured News - Current News - Archived News - News Categories

High court will not hear appeal over Chrysler sale

Thu, Dec 17th 2009 12:00 am
WASHINGTON (AP) - The Supreme Court has declined to take another look at Chrysler's bankruptcy.

The justices Monday turned down an appeal from the Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings. The bulk of Chrysler LLC's assets were sold to Italy's Fiat.

The court previously rejected the pension funds' effort to block the sale.

In the latest appeal, the funds argued that the arrangement worked out with Fiat, and approved by federal courts, violated federal bankruptcy law. The pension funds said they were not trying to reverse the bankruptcy sale, but instead wanted to recover money for themselves and other Chrysler creditors.