Chrysler at Odds with Indiana State Treasurer
Is it possible that the Republicans have figured out that two can play the game of claiming assets on the cheap.
|NEW YORK, May 25 (Reuters) – U.S. automaker Chrysler on
Monday slammed Indiana State Treasurer Richard Mourdock as
making demands that would ultimately push the carmaker into
liquidation — resulting in the loss of more than 4,000 jobs
and 9,000 retiree pensions in Indiana alone.
|Mourdock, who oversees pension funds invested in Chrysler
debt, has objected to Chrysler LLC’s plan to quickly sell
itself in bankruptcy, claiming it is a dangerous path that
would hurt pensions for thousands of his state’s retirees.
|The Indiana pension funds have filed court papers
requesting that an examiner be appointed to investigate
Chrysler’s business decisions, and that the company be placed
in the hands of a Chapter 11 trustee who can act independently
of the government.
|Chrysler claimed in a statement on Monday that Mourdock, a
Republican, is willing to put Chrysler in liquidation over less
than 1 percent of the three funds’ assets.