Fiat Acquires Chrysler
Late yesterday the Supreme Court decided to allow the deal between Fiat and Chrysler, and this morning, with little ceremony, the deal went through. The challenges brought by the three Indiana interests, funds for state police, construction workers, and teachers, have been set aside. Is this a good move? The IndyStar reports that, according to Richard Mourdock, who represents two of the interests, it is a gross miscarriage of justice, the interests lose nearly $5 million in debt (the brunt of that born by the teachers at about a $4.6 million loss). On the other hand, the local Herald-Times quotes our own Prof. Long as saying that had the sale not been permitted to go through the losses would have been much higher. What do you think? For thoughts outside of Indiana you can also go look at the New York Times or the SCOTUSblog.