Supreme Court asked to block Chrysler sale to Fiat

Full Story At News.yahoo.com

WASHINGTON – Three Indiana state pension and construction funds want the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal.

The funds filed emergency papers at the high court early Sunday.

An appeals court in New York approved the sale Friday, but gave objectors until Monday afternoon to try to get the Supreme Court to intervene. Chrysler LLC wants to sell the bulk of its assets to a group led by Italy’s Fiat Group SpA as part of its plan to emerge from bankruptcy protection.

The emergency request went first to Justice Ruth Bader Ginsburg, who handles such matters from New York. She can act on her own or refer it to the entire court.

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