As I have mentioned in my recent posts, it was unlikely that the Circuit Court of Appeals would overturn Judge Gonzalez's ruling on Chrysler (and I discussed how I think they could have been more successful).
Unsurprisingly, the Court of Appeals has rejected the Pensioners arguments, but stayed the deal until Monday to allow an appeal to the Supreme Court.
I don't know if they will grant certiorari, although this certainly is a high profile case involving the Federal Government. We'll see.
Friday, June 5, 2009
Indiana Pensioners Hope for Supreme Intervention
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Posted by Lawrence D. Loeb at 4:32 PM
Labels: 363(b) Sale, Bankruptcy, Chrysler, Distressed Debt, Distressed Investing
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