Chrysler Stay Application

i

No. ____________

In re Chrysler LLC, Debtor

______________

INDIANA

STATE

POLICE

PENSION

TRUST,

INDIANA

STATE

TEACHERS

RETIREMENT

FUND,

INDIANA

MAJOR

MOVES

CONSTRUCTION

FUND,Petitioners,v.CHRYSLER

LLC,

AKA

C

HRYSLER

A

SPEN

,

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HRYSLER

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OWN

&

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OUNTRY

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HRYSLER

300,

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C

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HRYSLER

PT

C

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ODGE

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RAND

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ARAVAN

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OURNEY

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ITRO

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IPER

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EEP

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IBERTY

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LYMOUTH

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HARGER

;

INTERNATIONAL

UNION,

UNITED

AUTOMOBILE,

AEROSPACE,

AND

AGRICULTURAL

IMPLEMENT

WORKERS

OF

AMERICA,

AFL-CIO

(“UAW”),

FIAT

S

P

A.

AND

FIAT

S.

P

.A

AND

NEW

CARCO

ACQUISITION

LLC,

UNITED

STATES

OF

AMERICA

EXPORT

DEVELOPMENT

CANADA,

CHRYSLER

FINANCIAL

SERVICES

LLC,

THE

OFFICIAL

COMMITTEE

OF

UNSECURED

CREDITORS,Respondents.

______________

APPLICATION FOR IMMEDIATE STAY OF SALE ORDERSISSUED BY THE BANKRUPTCY COURT

______________

DIRECTED TO HONORABLE RUTH BADER GINSBURG, ASSOCIATE JUSTICE OFTHE SUPREME COURT OF THE UNITED STATES AND CIRCUIT JUSTICE OF THEUNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT

______________

T

HOMAS

E

L

AURIA

G

REGORY

F.

Z

OELLER

G

LENN

M.

K

URTZ

Attorney General of Indiana

O

WEN

C.

P

ELL

K

AREN

M.

A

SNER

T

HOMAS

M.

F

ISHER

W

HITE

&

C

ASE

LLP

Solicitor General (Counsel of Record)

1155

A

VENUE OF THE

A

MERICAS

N

EW

Y

ORK

,

NY

10036 A

SHLEY

E.

T

ATMAN

(212)

819-8200

Deputy Attorney General

Office of the Attorney GeneralW

HITE

&

C

ASE

LLP Indiana Govt Center South, 5th Fl.200

S.

B

ISCAYNE

B

OULEVARD

302 West Washington StreetM

IAMI

,

FL

33131 Indianapolis, Indiana 46204(305)

371-2700 (317) 232-6201

Counsel for Petitioners

ii

TABLE OF CONTENTS

TABLE OF AUTHORITIES....................................................................................................................................iii

DECISIONS BELOW AND JURISDICTION.........................................................................................................4

STATEMENT..............................................................................................................................................................5

REASONS FOR GRANTING THE APPLICATION FOR STAY.......................................................................11

I.

There is a Reasonable Probability that Certiorari will be Granted............11

II.

There is a Fair Prospect that the Court will Reverse.................................22

III.

Petitioners will Suffer Irreparable Harm Absent a Stay............................25

IV.

The Equities Favor Granting a Stay............................................................28

CONCLUSION..........................................................................................................................................................29

iii

TABLE OF AUTHORITIES

FEDERAL CASES ACC Bondholder Group v. Adelphia Commc'ns. Corp. (In re AdelphiaCommc'ns. Corp.),361 B.R. 337 (S.D.N.Y. 2007), appeal dismissed, 367 B.R. 84 (S.D.N.Y. 2007)........26In re Abbotts Dairies of Pa.,788 F.2d 143 (3d Cir. 1986).........................................................................................19In re Armstrong World Industries, Inc.,432 F.3d 507 (3d Cir. 2005).........................................................................................20 Associates Commercial Corp. v. Rash,520 U.S. 953 (1997)..........................................................................................17, 18, 22In re Bart,82 S. Ct. 675 (1962)......................................................................................................27In re Chateaugay Corp.,154 B.R. 29 (Bankr. S.D.N.Y. 1993)......................................................................17, 18In re Chrysler, LLC,No. 09-50002, 2009 WL. 1490990 (S.D.N.Y. May 26, 2009).......................................12In re Chrysler LLC,2009 WL. 1507547 (Bankr. S.D.N.Y. 2009)................................................................12Clyde Bergemann, Inc. v. The Babcock & Wilcox Co. (In re The Babcock &Wilcox Co.),250 F.3d 955 (5th Cir. 2001)........................................................................................19Country Squire Associates v. Rochester Community Sav. Bank (In re CountySquire Associates),203 B.R. 182 (B.A.P. 2d Cir. 1996)..............................................................................26Hibbs v. Winn,542 U.S. 88 (2004)........................................................................................................22Howard Delivery Serv. Inc. v. Zurich America Insurance Co.,547 U.S. 651 (2006)......................................................................................................20Lamie v. U.S. Trustee (02-693),540 U.S. 526 (2004)......................................................................................................20