Supreme Court clears way for Chrysler

Full Story At money.cnn.com

NEW YORK (CNNMoney.com) — The U.S. Supreme Court on Tuesday cleared the way for the sale of Chrysler to a consortium led by Italian automaker Fiat.

On Monday, the Court had delayed the sale pending review of the merits of a case brought by the Indiana state pension funds, which argued that they and other lenders deserved better treatment by the bankruptcy court.

Chrysler’s asset sale was approved by a bankruptcy judge on May 31, just hours before the bankruptcy filing of General Motors (GMGMQ).

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