Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Para-Ord.45

I missed the lead up to the USSC appeal.
Was it based on bondholders having contractual liens against Chrysler and the sale not honoring those liens?


212 posted on 06/09/2009 5:57:15 PM PDT by Ghost of Philip Marlowe (The most dangerous fascists are those with a warm smile and soothing voice.)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Ghost of Philip Marlowe

You are correct. It was about 1) the secured bondholders not getting their contractual rights recognized, as you say, and 2) the lawyers for Indiana also argued that the sale was facilitated by an unauthorized use of TARP money.


223 posted on 06/09/2009 6:00:15 PM PDT by BCrago66
[ Post Reply | Private Reply | To 212 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson