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Supreme Court Justice Ruth Bader Ginsberg granted a motio filed by Indiana state pension funds to delay the merger between the American and Italian automakers in whatthe U.S. Treasuryu Department said was an “administrative extensioh designed to allow sufficient time for the Supremes Court to explore whethe or not a stayis needed, accordinvg to several published reportxs late Monday. The Supreme Court move extendx a stay already issued by a lowef court that was set to expire lateafternoon Fiat, however, has given Chrysler until June 15 to finish the Attorneys for the pension funds argued that they woule receive just pennies on the dollar for a $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collaps e ofChrysler – said to be losing upward of $100 million daily – was of greate concern to government officials than the loan When Chrysler filed for Chapter 11 bankruptcg protection last month, it announced it wouldr reject 789 dealership agreements nationwide, including .
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