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Article: Supreme Court steps aside on Chrysler-Fiat deal but questions remain.(Chrysler L.L.C. and Fiat S.p.A.)(USA)
- Article from:
- The Christian Science Monitor
- Article date:
- June 10, 2009
- Author:
CopyrightCOPYRIGHT 2009 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Warren Richey Staff writer of The Christian Science Monitor
Washington -- The US Supreme Court action Tuesday that cleared the way for the reorganization deal between Chrysler and Italian automaker Fiat did not resolve any of the potentially significant legal issues raised against the deal.
Instead, the high court went out of its way to emphasize that its decision simply lifted the temporary stay entered on Monday.
"A denial of a stay is not a decision on the merits of the underlying legal issues," the court said in an unsigned two-page order. It added: "Our assessment of the stay factors here is based on the record and proceedings in ...