Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, May 11, 2007

Chrysler's Future Includes a Russian Gangster?

Will a Russian gangster own Chrysler?  Magna International, the Canadian auto-parts maker that is the leading contender to bid for Chrysler, announced that Oleg Deripaska, a Russian aluminum magnate who has been linked to organized crime, is buying a $1.54 billion stake in Magna.  The U.S. has previously revoked Deripaska's visa to enter the country.  See WSJ, How a Russian May Complicate Chrysler Auction.

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