SCOTUS Gives Chrysler Sale to Fiat Green Light; Deal Could Be Closed Today

A day after Justice Ginsburg temporarily halted the sale of the Chrysler’s assets as part of its bankruptcy proceedings, [LLB post] the Supreme Court unanimously denied the bid to block the sale to Fiat yesterday. The unsigned, 2-page per curiam order declined to address the merits of the stay petitions. In Court clears Chrysler sale, without dissent, SCOTUSblog reported yesterday that "[w]ord was circulating in Washington and New York Tuesday night that the Chrysler deal could be wrapped up as early as Wednesday morning, with the electronic transfer of funds to pay Chrysler for most of its existing assets." [JH]