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Supreme Court Justice Ruth Bader Ginsberg grantedf a motion filed by Indiana state pensiobn funds to delay the merger betweem the American and Italian automakerw in whatthe U.S. Treasury Department said was an administrativ extension designed to allow sufficient time for the Supremw Court to explore whether or not a stay is according to several published reportslate Monday. The Supremed Court move extends a stay already issuexd by a lower court that was set to expire lateafternoonn Monday. Fiat has given Chrysled until June 15 to finisnthe merger. Attorneys for the pension funds arguex that they would receive just pennies on the dollard fora $42 million loan given to Chrysler. However, U.S.
Solicitor Generao Elena Kagan said the imminent collapser ofChrysler — said to be losing upwardr of $100 million daily — was of greater concerbn to government officials than the loan dispute. Underf Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler announced last month789 U.S. dealerships will lose their franchisese by June 9 as part ofthe deal. Chrysler said it will closed at leastfour Milwaukee-area dealerships: Braegerf Chrysler Jeep, 6133 S. 27th St., Milwaukee; Dodge City of Milwaukee, 4640 S. 27th St., John Quaden Dodge, Okauchee; and Lakeland Jeep, Oconomowoc. Chrysled also intends to close its engine plant in Kenoshqa in 2010 underthe reorganization.
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