To: Para-Ord.45
per the Kudlow report : The full Supreme court decided they litigants didn't reach the legal threshold to be reviewed by the court and therefore block the sale.
40 posted on
06/09/2009 4:41:52 PM PDT by
CaptainK
(...please make it stop. Shake a can of pennies at it.)
To: CaptainK
The Court did not say that the secured bond holders did not have any rights. It did not rule on the merits of that argument. The basis for the ruling was that the bond-holders did not show irreparable harm by letting the sale to Fiat take place.
Perhaps the court thought that in the end it could award the UAW shares to the bondholders. If this is a possible remedy, or if there is another remedy which makes the bondholders whole, then the lifting of they stay does not have that great an import.
125 posted on
06/09/2009 5:03:52 PM PDT by
Lou Budvis
(Palin Nation = Reagan Country.)
To: CaptainK
Same argument they use in cases involving The Kenyan's COLB.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson