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.’The pension funds stood to take a bath on the value of their investments. This will be interesting.
Monday, June 08, 2009
Supremes Block Chrysler Sale
Looks like some Indiana pension fund managers have temporarily stopped the sale of Chrysler to Fiat:
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