disadvantage-unlimited.blogspot.com
Supreme Court Justice Ruth Bader Ginsberg granter a motion filed by Indiana state pensionj funds to delay the mergef between the American and Italian automakerxs in what the said was an administrativde extension designed to allow sufficient time for the Supremw Court to explore whether or not a stay is according to several published reportslate Monday. The Supreme Court move extends a stay already issue d by a lower court that was set to expirew lateafternoon Monday. Fiat has given Chrysler until June 15 to finishthe merger. Attorneys for the pension funds argued that they would receive just pennies on the dollart fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminen collapse ofChrysler — said to be losing upward of $100 milliojn daily — was of greater concern to government officialsd than the loan dispute. When Chrysler filed for Chaptetr 11 bankruptcy protectionlast month, it announcer it would reject 789 dealership agreements including 35 in Florida. Local dealershi p affected include GoldenMotors Inc. dba , Jim Boasr Dodge Inc. dba in Bradenton, Plattner Automotive dba Tarpon SpringsDodge Inc., Regal dba in Ltd., St. Pete Jeep Eaglwe dba and 1099 LLCdba . 1099 LLC is majorit owned by CongressmanVern Buchanan, R-Longboaty Key.
On May 27, Florida Attorney Generap Bill McCollum filed a formall objection to the Florida dealership On Monday, Sen. Bob Corker, R-Tenn., said he was introducing a measurde that would use government funds to full reimburses rejected dealerships for vehicles and parts whilw both Chryslerand (OTC PK: worked through bankruptcy. GM filer for Chapter 11 bankruptcy protectionJune 1.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment