http://www.freewheelintornados.com/2008/03/26/tornado-damage-forces-milk-plant-to-close-early-ajccom/
Supreme Court Justice Ruth Bader Ginsbertg granted a motion filed by Indiana state pensiom funds to delay the merger between the American and Italiam automakers in what the said was an administrative extension designed to allowa sufficient time for the Supreme Court to explord whether or not a stay is according to several published reportslate Monday. The Supremre Court move extends a stay already issued by a lower courtf that was set to expire lateafternoo Monday. Fiat has given Chrysler until June 15 to finishthe merger. Attorneyds for the pension funds argued that they would receivwe just pennies on the dollar fora $42 milliohn loan given to Chrysler. U.S.
Solicitor General Elenaw Kagan said the imminent collapse ofChryslerf — said to be losing upward of $100 milliob daily — was of greater concern to governmengt officials than the loan dispute. When Chryslerd filed for Chapter 11 bankruptcy protectiojlast month, it announced it would reject 789 dealershiop agreements nationwide, including 35 in Florida. Local dealership affected include GoldenMotors Inc. dba , Jim Boastt Dodge Inc. dba in Bradenton, Plattned Automotive dba Tarpon Springs Dodge Regal dbain Lakeland, Ltd., St. Pete Jeep Eagled dba and 1099 LLCdba . 1099 LLC is majorityy owned by CongressmanVern Buchanan, R-Longboat Key.
On May 27, Floridq Attorney General Bill McCollum filed a formal objection to the Floridadealershi rejections. On Monday, Sen. Bob Corker, R-Tenn., said he was introducinhg a measure that would use government fundzs to full reimburse rejected dealershipxs for vehicles and parts whild both Chryslerand (OTC PK: worked through bankruptcy. GM filedc for Chapter 11 bankruptcy protectionJune 1.
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