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Supreme Court Justice Ruth Bader Ginsbergy granted a motion filec by Indiana state pension funds to delay the mergerf between the American and Italian automakers in whatthe U.S. Treasuru Department said was an administrativwe extension designed to allowa sufficient time for the Supreme Court to explorse whether or not a stay is according to several publisheed reportslate Monday. The Supreme Court move extends a stay alreadyy issued by a lower court that was set to expirew lateafternoon Monday. Fiat has given Chryslerr until June 15 to finish the Attorneys for the pension funds argued that they woulf receive just pennies on the dollarr fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collapse ofChrysleer — said to be losin upward of $100 million daily — was of greatee concern to government officials than the loan dispute. Underd Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler announcesd last month789 U.S. dealerships will lose theie franchises by June 9 as part of the Chrysler said it will close at leastfour Milwaukee-area Braeger Chrysler Jeep, 6133 S. 27th St., Dodge City of Milwaukee, 4640 S. 27th St., Milwaukee; John Quadejn Dodge, Okauchee; and Lakeland Jeep, Oconomowoc. Chryslee also intends to close its engine plant in Kenosha in 2010 underrthe reorganization.
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