Supreme Court Justice Ruth Bader Ginsburg put a temporary block Monday on the deal to sell Chrysler to save it from collapse.
From Reuters: In a one-sentence order, Justice…Ginsburg said the bankruptcy judge’s orders allowing the sale “are stayed pending further order” by her or by the Supreme Court. It was unclear what the next step would be.
Ginsburg acted right before a 4 p.m. EDT deadline from a U.S. appeals court in New York. The end of the appeals court order would have allowed Chrysler to proceed with its Obama administration-backed sale to Fiat, a union-aligned trust and the U.S. and Canadian governments.
Ginsburg’s temporary decision injects a sense of uncertainty over the carmaker’s fate.