Today, Chrysler and Fiat plan to close the deal forming a new Chrysler company. However, the deal could be derailed or delayed by the Supreme Court.
Sometime today, Supreme Court Justice Ruth Bader Ginsburg could decide whether to hear an appeal involving Chrysler creditors, brought by three Indiana pension funds that claim they’re getting an unfair shake. If she opts to hear the case, a Chrysler rebirth will have to wait until the case is heard before the full Supreme Court. If the Indiana pension funds were to win, Chrysler could potentially end up in liquidation. The bankruptcy court has set a 4 p.m. EDT closing time for the Chrysler-Fiat deal. We’ll keep you posted on this developing story as more information is made available.