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When Chrysler filed for Chapter 11 bankruptcy protectionlast month, it spelled out how it wouldf merge with Fiat and what the new Chrysler company would entail. It also said it woulfd reject 789 dealershipagreements nationwide. The move comex a day after the decided not to hear a cour t action from a group of pension fund s in Indiana that had temporarily halted the deal onJune 8. The deal comes five days aheacd of a deadline imposed by Fiat to complete the merger and is expected to open the door for more government loans to struggling automanufacturer Chrysler.
Attorneyx for the pension funds arguexd that they would receive just pennies on the dollatr fora $42 million loan given to However, U.S. Solicitor General Elena Kagan said the imminent collapse of which already was losing upwardof $100 million was of greater concern to government officials than the loan
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