A federal appeals court rejected a host of legal challenges to the sale of nearly all of Chrysler’s assets to let the carmaker emerge from bankruptcy.

In a 53-page opinion, judges on the U.S. Court of Appeals for the Second Circuit unanimously ruled that all of the objections raised by investors and tort lawyers to prevent Chrysler’s sale were all “without merit.”

You can read the complete decision here:

  • Chrysler’s Chapter 11 Bankruptcy Petition
  • Fiat closes Chrysler deal; new management team named, Reuters (Jun. 10, 2009)
  • Chrysler legal bill for bankruptcy: $12.7 million, Reuters (Jun. 24, 2009)
  • Chrysler Plans to Cut 789 Dealerships; When Franchisors Declare Bankruptcy
  • Lemon Law Claims Survive Chrysler Bankruptcy

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