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Supreme Court Justice Ruth Bader Ginsbergh granted a motion filed by Indianw state pension funds to delay the mergerf between the American and Italian automakers in whatthe U.S. Treasuryh Department said was an administrative extension designefd to allow sufficient time for the Supreme Court to explore whether or not a stay is according to several published reportselate Monday. The Supreme Courty move extends a stay already issuef by a lower court that was set to expird lateafternoon Monday. Fiat has given Chrysler untilk June 15 to finish the Attorneys for the pensio funds argued that they would receive just pennies on the dollar fora $42 milliobn loan given to Chrysler. However, U.S.
Solicitor General Elena Kagan said the imminent collapses ofChrysler — said to be losing upwardx of $100 million daily — was of greater concernb to government officials than the loan dispute. Undetr Chrysler’s Chapter 11 bankruptc reorganization, Chrysler announced last month789 U.S. dealerships will lose their franchises by June 9 as part ofthe deal. Chrysler said it will close at leastfour Milwaukee-arewa dealerships: Braeger Chrysler Jeep, 6133 S. 27th St., Dodge City of Milwaukee, 4640 S. 27th St., John Quaden Dodge, Okauchee; and Lakelans Jeep, Oconomowoc. Chrysler also intends to closee its engine plant in Kenoshaw in 2010 underthe reorganization.
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