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Supreme Court clears Chrysler sale

by David Zatz on

The Supreme Court has cleared the sale of Chrysler’s primary assets to a government-formed company, effectively ending bankruptcy status for the company’s most important manufacturing operations. The Supreme Court, in an unsigned opinion with just four paragraphs, made it clear it was not setting any precedents, but was deciding on this specific case. The full nine member court appears to have agreed on the opinion. The cases in question can be found as Indiana State Police Pension Trust v. Chrysler, 08A1096; Center for Auto Safety v. Chrysler, 08A1099; and Pascale v. Chrysler, 08A1100.

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