A judge declined on Wednesday to postpone Chrysler's bankruptcy to
allow a district court to hear arguments about whether the U.S.
government exceeded its authority in the reorganization of the
An attorney for three state retirement funds from Indiana requested
the bankruptcy hearings be postponed until a district court could
determine if the U.S. government acted legally in the Chrysler
The U.S. government provided the automaker emergency
loans prior to its bankruptcy, has committed to providing nearly $5
billion to finance the bankruptcy and is participating in a group that
plans to buy most of the assets of the company.