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Bankruptcy

: Credit Slips

Chrysler on Vacation

By Stephen Lubben

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Chrysler Many have speculated, in both the comments to my post yesterday and on other blogs, about the editorial significance of the Supreme Court's vacatur of the 2d Circuit's Chrysler opinion -- the most common reading being that the Court intended to signal that Chrysler was somehow unique. But this seems to miss that just one week ago the Court did the exact same thing in a non-bankruptcy case (08-351) involving Illinois seizure proceedings. In that opinion, the Court vacated the 7th Circuit's opinion after the last of the underlying cases settled after cert. was granted, but before oral argument at the Supreme Court.

Full post as published by Credit Slips on December 15, 2009 (boomark / email).

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