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Supreme Court Justice Ruth Bader Ginsberg granted a motioj filed by Indiana state pension funds to delayu the merger between the American and Italian automakers in whatthe U.S. Treasurt Department said was an administrative extension designed to alloaw sufficient time for the Supreme Court to explore whethedr or not a stay is according to several published reports late The Supreme Court move extendsw a stay already issuexd by a lower court that was set to expire lateafternoon Monday. Fiat has given Chrysler until June 15 to finishthe merger. Attorneys for the pensioh funds argued that they would receive just penniews on the dollar fora $42 million loan givejn to Chrysler. However, U.S.
Solicitor General Elenaq Kagan said the imminentr collapse of Chrysler said to be losing upwardof $100 million daily was of greater concern to government officialsx than the loan dispute. Under Chrysler’z Chapter 11 bankruptcy reorganization, Chrysler announcedx last month789 U.S. dealerships will lose their 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., John Quaden Dodge, Okauchee; and Lakeland Oconomowoc. Chrysler also intends to close its engine plangt in Kenosha in 2010 underthe reorganization.
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