Chrysler Bankruptcy
Indiana Pension Fund attorney Glenn Kurtz exits Manhattan federal court, Friday, June 5, 2009, in New York. A U.S. appeals court said Friday it would conditionally approve Chrysler's sale to Fiat but is keeping the deal on hold until Monday to allow an appeal. The appeals court heard arguments Friday from attorneys representing Chrysler LLC, Fiat Group SpA and a trio of Indiana state pension and construction funds, the latter of which say the deal approved by a bankruptcy judge unfairly favors the interests of the company's unsecured stakeholders ahead of those of secured debtholders such as themselves. (AP Photo/Louis Lanzano)
Copyright 2009 AP News
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