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Sunday, June 07, 2009

Courts - Indiana pension funds' application for immediate stay filed with Supreme Court

Lyle Denniston of SCOTUSLaw Blog posted this lengthy entry at 12:08 am this morning and updated it just a few minutes ago, at 6:15 am. The update indicates that "A group of consumer organizations early Sunday joined the Indiana benefit funds in urging the Court to block the Chrysler sale."

Denniston's inital entry begins:

The historic legal and financial struggle over the survival of one of America’s Big Three automakers — Chrysler — reached the Supreme Court just minutes before midnight Saturday. It is the first government rescue effort since last fall’s onset of a deep economic crisis to reach the Justices. For all of its legal complexity, this first challenge is at its core a simple complaint that the federal government has gone too far to manipulate the private marketplace, using powers not given to it by Congress.

Three Indiana public employee funds that provide benefits for teachers, police officers and others asked for a delay of the Chrysler deal in this application.

Their lawyers said an appeal will follow shortly, to be handled “on as expedited a schedule as the Court finds necessary.”

The SCOTUSBlog post includes links to the application and appendix.

The 6:15 am update reads:

A group of consumer organizations early Sunday joined the Indiana benefit funds in urging the Court to block the Chrysler sale. The application can be found here. The groups, led by the Center for Auto Safety, said they would file a petition for review by Tuesday. Meanwhile, the Second Circuit Court has indicated it expects to issue on Monday one or more opinions explaining its approval of the sale.
[Update at 7:70 am] Perhaps I am wrong, but I don't recall seeing the Indiana Attorney General's name on earlier documents.

Posted by Marcia Oddi on June 7, 2009 06:39 AM
Posted to Courts in general