MarketWatch reports that the Supreme Court has blocked, at least temporarily, the sale of Chrysler’s assets after several Indiana pension funds appealed the sale of the troubled automaker:
The funds argued that the sale of Chrysler to Italian automaker Fiat is unconstitutional. A court spokesman said that the sale is stayed ‘pending further order of the court.’
We’ll keep an eye on this.
Update 9:27 p.m.: After I posted this blog post with the title, “Supreme Court Blocks Chrysler Asset Sale,” I decided the new title above was so much better.